A Company's Values Relate to Such Things as

question 29

Multiple Choice

A company's values relate to such things as

• A) how it will balance its pursuit of financial objectives against the pursuit of its strategic objectives.
• B) how it will balance the pursuit of its business purpose/mission against the pursuit of its strategic vision.
• C) fair treatment, integrity, ethical behavior, innovativeness, teamwork, top-notch quality, superior customer service, social responsibility, and community citizenship.
• D) whether it will emphasize stock price appreciation or higher dividend payments to shareholders, and whether it will put more emphasis on the achievement of short-term performance targets or long-range performance targets.
• E) All of the above.

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Definitions:

Enterprise Fund

A fund used by a government to account for operations financed and operated in a manner similar to private business enterprises, where the intent is that the costs of providing goods or services to the public on a continuing basis be financed or recovered primarily through user charges.

GAAP

Generally Accepted Accounting Principles, a collection of commonly-followed accounting rules and standards for financial reporting.

Statement of Net Position

The Statement of Net Position is a financial report that details the assets, liabilities, and net worth (equity) of an entity at a specific point in time, akin to a balance sheet in the private sector.

Noncurrent Liabilities

Long-term financial obligations a company owes that are not due for repayment within the next 12 months, such as long-term loans and bond issues.