In Case of a Fire, Most Organizations Have a Series

question 69

Multiple Choice

In case of a fire, most organizations have a series of actions that must take place beginning with notifying the fire department and include evacuating buildings. What kind of a standing plan is described in this example?

• A) rules and regulations
• B) procedures
• C) policies
• D) organizational norms
• E) security governances

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Definitions:

Equity and Debt

The two main types of financing for companies: equity represents ownership (stocks), and debt represents borrowed funds (bonds or loans) that must be repaid.

Tax Deductible

Costs that can be deducted from total income to lower the taxable income amount.

Return to Equity

The amount of net income returned as a percentage of shareholders equity.

Operating Income

Income generated from regular business operations, excluding expenses such as taxes and interest payments.