Mission Statements Should Be Realistic and General in Nature

question 86

True/False

Mission statements should be realistic and general in nature.

---

Definitions:

Isocost Line

A graphical representation in economics that shows all possible combinations of inputs that can be purchased for a given total cost.

Capital

Assets including money, machinery, and structures employed in the creation of products and services.

Total Expenditures

The sum of all expenses and spending by an individual, organization, or government within a specified period.

Isocost Line

A graph line that shows all combinations of inputs which cost the same total amount.