c. Payback, net present value, and internal rate of return d. Payback, net present variables, and internal rate of return 13. The purpose of a mission statement is to identify: a. An organization's short-term plans b. Why an organization exists C. Timely and measurable goals d. Strategies for staying within budget HCA105 Financial Practices for Health Care Organizations 14. When the market rate is lower than the coupon rate, the bond is selling at: a. Yield to maturity b. Discount C. Premium d. Par 15.An asset with clear value that is pledged against a loan to reduce risk to the lender is called: a. Future collectable b. Debt bond C. Collateral d. Receivable 16. The first type of budget to be prepared is: a. Cash budget b. Operating budget c. Statistics budget d. Multi-year budget 17. Relevant range is the range of activity over which total fixed costs: a. Vary b. Do not vary C. Always vary d. Can vary