Business Week Reports That Firms Using Mission Statements Have __________

question 80

Multiple Choice

Business Week reports that firms using mission statements have __________ percent higher return on certain financial measures than those without such statements.

• A) 10
• B) 15
• C) 30
• D) 57
• E) 54

Know the requirements and protections offered by the Employee Retirement Income Security Act (ERISA).

Recognize the principles of employer monitoring of employee communications and privacy rights.

Understand the legal requirements related to workplace safety and unemployment compensation.

Identify the laws governing labor-management relations in the United States.

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Definitions:

Historical Cost

The original monetary value of an asset or liability as recorded at the time of acquisition, not adjusted for inflation or market changes.

Historical Rate of Exchange

The exchange rate that was in effect at the time of a past transaction.

Foreign Currency Units

Units of currency used in a country other than one's own, representing money from foreign nations.

Noncurrent Liability

Long-term financial obligations listed on a company’s balance sheet that are not due within the next 12 months.