The Mission Statement, or Purpose, of an Organization Is the Description

question 35

Multiple Choice

The mission statement, or purpose, of an organization is the description of its reason for

• A) revenues.
• B) profitability.
• C) existence.
• D) growth.

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Definitions:

Parameter

A numerical characteristic or measure that describes an aspect of a population.

Statistic

A single measure that is calculated from data to summarize or describe a characteristic of a sample.

Sample

A selection of individuals or items from a larger group or set that is used to gather and analyze data representative of the whole.

Negatively Skewed

Describes a distribution of data where the tail is longer on the left side of the distribution's peak, indicating a larger number of lower values.