"Why are we here and whom do we serve?" In business, the answers to these questions can be found in:

a. a SWOT analysis.
b. organizational charts.
c. employee satisfaction surveys.
d. mission and vision statements.
e. a business plan.

Answer: b. Mission and vision statements

Business

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Which of the following statements about real estate financing is incorrect:

A: Discounting a note indicates that it is being sold at less than the face value, or amount still owing on the principal; B: A promissory note is security for a mortgage; C: Although a mortgage does not transfer legal title to property, it is still considered a lien; D: The owner of a property who borrows money and signs a mortgage is called a mortgagor.

Business

________ may engage in commercial espionage against a firm

A) Competitors B) National governments C) Both A and B D) Neither A nor B

Business