Which Statement Is TRUE

question 32

Multiple Choice

Which statement is TRUE?

• A) Companies must choose between having a mission statement or a vision statement.
• B) A company can't have a mission statement unless it has a vision statement.
• C) A vision statement cannot be established until a company has developed its mission statement.
• D) The vision statement should be established before the mission statement.
• E) Companies are required by law to have both mission and vision statements.

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Definitions:

Sovereign Wealth Fund

State-owned investment funds or entities that manage national savings for the purposes of investment and maintaining the country's wealth.

Private Equity Fund

A type of investment fund that pools money from investors to acquire stakes in private companies with the aim of realizing a profit through future sales or public offerings.

Market Securities

Financial instruments, such as stocks and bonds, that are traded in financial markets.

Private Placements

Sale of securities to a small number of investors.