Which of the Following Is One of the Five Major

question 69

Multiple Choice

Which of the following is one of the five major characteristics of good mission statements?

• A) They focus on a large number of goals.
• B) They expand the range of individual employee discretion.
• C) They define the major competitive spheres within which the company will operate.
• D) They take a short-term view.
• E) They are long and comprehensive to ensure that all critical concepts are included.

---

Definitions:

Social Security

A government program designed to provide financial assistance and support to people with insufficient or no income, especially the elderly, disabled, and unemployed.

Retirement Finances

Financial planning and management concerning the period of life when one is no longer working, focusing on income sources, savings, and investment strategies.

Collectivism

A cultural system that values the needs of the group more than those of the individual self.

Socialist Countries

Nations where the government exercises significant control over the economy, often including ownership and management of production means, and prioritizes social equity.