Question

In: Accounting

senior management at a computer hardware firm reviewed itsstrategic plan and discovered it was missing...

senior management at a computer hardware firm reviewed its strategic plan and discovered it was missing a formal statement of the fundamental purpose of the organization, what it does, and for whom it does it. senior management at the company needs to formulate a ___________ in order to resolve deficiency with its strategic plan


A. stratecic plan

B. mission

C. core values


Solutions

Expert Solution

A Mission Statement of a company describes about the fundamental purpose and philosophy of the organization, what it does, and for whom it does it.

So, senior management at the company needs to formulate a Mission in order to resolve deficiency with its strategic plan.

So, Correct Option is :

(B) Mission


Related Solutions

Andy’s Co. is a manufacturing firm of a computer hardware device. Its sales forecasts for the...
Andy’s Co. is a manufacturing firm of a computer hardware device. Its sales forecasts for the year 2020 is as follows: Quarter Sales in units Price Revenue Q1, 2020 500 $              400 $     200,000 Q2, 2020 1000                  400          400,000 Q3, 2020 1000                  400          400,000 Q4, 2020 1000                  400          400,000 Q1, 2021 2000                  400          800,000 Q2, 2021 1500                  400          600,000 Q3, 2021 1000 $              400 $     400,000 The company will start its business this year with $30,000 of cash balance. As of Q4 of the...
It is January 2nd and senior management of Baldwin meets to determine their investment plan for...
It is January 2nd and senior management of Baldwin meets to determine their investment plan for the year. They decide to fully fund a plant and equipment purchase by issuing 75,000 shares of stock plus a new bond issue. Assume the stock can be issued at yesterday’s stock price ($29.72) and leverage changes to 2.8. Which of the following statements are true? Select all that apply. Select: 3 Working capital will remain the same at $15,582,128 Equity will be $78,780,432...
It is January 2nd and senior management of Digby meets to determine their investment plan for...
It is January 2nd and senior management of Digby meets to determine their investment plan for the year. They decide to fully fund a plant and equipment purchase by issuing 75,000 shares of stock plus a new bond issue. Assume the stock can be issued at yesterday’s stock price ($37.29) and leverage changes to 2.7. Which of the following statements are true? Select all that apply. Select: 3 Total liabilities will be $142,817,628 Working capital will remain the same at...
It is January 2nd and senior management of Chester meets to determine their investment plan for...
It is January 2nd and senior management of Chester meets to determine their investment plan for the year. They decide to fully fund a plant and equipment purchase by issuing 75,000 shares of stock plus a new bond issue. Assume the stock can be issued at yesterday’s stock price ($32.24) and leverage changes to 2.7. Which of the following statements are true? Select all that apply. Select: 3 Working capital will remain the same at $12,881,160 Total liabilities will be...
It is January 2nd and senior management of Chester meets to determine their investment plan for...
It is January 2nd and senior management of Chester meets to determine their investment plan for the year. They decide to fully fund a plant and equipment purchase by issuing $10,000,000 in bonds. Assume the bonds are issued at face value and leverage changes to 2.7. Which of the following statements are true? Select all that apply. Select: 3 Chester’s long-term debt will rise by $9,000,000 The total investment for Chester will be $211,673,239 Total liabilities will be $138,405,597 Working...
It is January 2nd and senior management of Digby meets to determine their investment plan for...
It is January 2nd and senior management of Digby meets to determine their investment plan for the year. They decide to fully fund a plant and equipment purchase by issuing 75,000 shares of stock plus a new bond issue. Assume the stock can be issued at yesterday’s stock price ($32.99) and leverage changes to 2.8. Which of the following statements are true? Select all that apply. Select: 3 A. Working capital will remain the same at $11,700,538 B. Digby will...
As a senior in a professional services firm, you have been assigned to plan the financial...
As a senior in a professional services firm, you have been assigned to plan the financial statement audit of a private company named Toy Central Corporation (TCC). In addition, the partner on the engagement has asked you to identify business risks that could adversely affect TCC's sustained profitability, so that they can be brought to the attention of the company's board of directors. These tasks will require you to draw on your knowledge of supply chain management, marketing, internal controls,...
2. A computer hardware firm sells both laptop computers andprinters. It has a large inventory...
2. A computer hardware firm sells both laptop computers and printers. It has a large inventory of laptops and printers that it wants to sell, so it has no variableproduction cost. Through the magic of focus groups, their pricing team determines that they have an equal number of three types of customers, and that these customers’ reservation prices are shown in the table:LaptopPrinterBundleCustomer A$800$100$900Customer B$1000$50$1050Customer C$600$150$750a. If the firm were to charge only individual prices (not use the bundle price),...
Senior management of a consulting services firm is concerned about a growing decline in the firm’s...
Senior management of a consulting services firm is concerned about a growing decline in the firm’s weekly number of billable hours. The firm expects each professional employee to spend at least 40 hours per week on work. In an effort to understand this problem better, management would like to estimate the standard deviation of the number of hours their employees spend on work-related activities in a typical week. Rather than reviewing the records of all the firm’s full-time employees, the...
Senior management of a consulting services firm is concerned about a growing decline in the firm’s...
Senior management of a consulting services firm is concerned about a growing decline in the firm’s weekly number of billable hours. The firm expects each professional employee to spend at least 40 hours per week on work. In an effort to understand this problem better, management would like to estimate the standard deviation of the number of hours their employees spend on work-related activities in a typical week. Rather than reviewing the records of all the firm’s full-time employees, the...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT