A plan, method, or action employed to achieve the goals and objectives, which in turn achieve the mission of an organization toward the realization of its vision best defines

A) organizational strategy.
B) organizational mission statement.
C) business statement.
D) project charter.

A

Business

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Income statements prepared according to both U.S. GAAP and International Accounting Standards require the separate reporting, as an extraordinary item, of material gains and losses from events that are both unusual and infrequent.

a. true b. false

Business

If the interest rate on an FHA-insured mortgage loan is 5 1/2 percent and the monthly payment is $1,012 the principal sum would be

A) $22,080 B) $220,800 C) $184,000 D) $667,920

Business