Define each of the following terms: a. Mission statement; corporate scope; state

Question

Define each of the following terms:

a. Mission statement; corporate scope; statement of corporate objectives; corporate strategies

b. Operating plan; financial plan; sales forecast

c. Spontaneous liabilities; profit margin; payout ratio

d. Additional funds needed (AFN); AFN equation; capital intensity ratio; self-supporting growth rate

e. Forecasted financial statement approach

f. Excess capacity; lumpy assets; economies of scale

g. Full capacity sales; target fixed assets/sales ratio; required level of fixed assets

h. Financing feedback effects

Explanation / Answer

a]Mission statement

A mission statement outlines a company

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