A product-based layout arranges resources sequentially according to the steps required to make a product

Which of the following is true of commercial paper?

A. It is a secured long-term debt instrument issued by corporations. B. It is always issued via an underwriter. C. It may help a corporation to raise funds often at rates below those banks charge. D. All corporations can tap the commercial paper market. E. Total commercial paper outstanding in the US is smaller than total C&I loans.

A mission statement serves as a ________

A) statement of the organization's net profits B) plan for short-term sustainability C) statement of the organization's purpose D) statement of the organization's current liabilities E) reward plan for the organization's highly-skilled employees