An Organization's __________ Defines) Why It Exists

question 49

Multiple Choice

An organization's __________ defines) why it exists.

• A) Strategy
• B) Objectives
• C) Targets
• D) Mission statement

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Definitions:

Principal

The original sum of money borrowed in a loan or the amount of the investment.

Rate

The percentage at which interest is charged on a loan or earned on an investment.

Term Deposit

A banking product where money is locked away for a certain period of time at a fixed interest rate.

Maturity

The time at which a financial instrument, investment, or insurance policy reaches its final value and the principal is repaid or returned.