1. A mission statement is: A. A statement of the company's purpose B. Legally required C. Also called a divisional statement D. A company's viable view of the future   2. A service is: A. A tangible item B. An intangible item C. A good D. All of these   3. Middle managers: A. Are commonly referred to as executives B. Deal with operational issues C. Typically have the title "director" or "manager" D. Deal with strategic and tactical issues

Foundations of Business (MindTap Course List)
6th Edition
ISBN:9781337386920
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Chapter15: Using Management And Accounting Information
Section: Chapter Questions
Problem 1DQ
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1. A mission statement is:

A. A statement of the company's purpose
B. Legally required
C. Also called a divisional statement
D. A company's viable view of the future
 
2. A service is:
A. A tangible item
B. An intangible item
C. A good
D. All of these
 
3. Middle managers:
A. Are commonly referred to as executives
B. Deal with operational issues
C. Typically have the title "director" or "manager"
D. Deal with strategic and tactical issues
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