What Is the Difference Between a Mission and a Vision

question 32

Multiple Choice

What is the difference between a mission and a vision?

• A) A vision expresses why an organisation exists, while a mission specifies what an organisation is trying to achieve in the foreseeable future.
• B) A mission specifies why the organisation exists, while the vision expresses what the organisation is trying to achieve in the foreseeable future.
• C) A vision is what the organisations leaders would like to achieve, while a mission is the task they have accepted as more realistic.
• D) The terms 'mission' and 'vision' refer to the same thing. The two terms are synonymous.

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Definitions:

Collateral

Assets pledged by a borrower to secure a loan or credit, which can be seized by the lender if the borrower fails to meet repayment terms.

Public Notice

An official announcement issued to the public through various media outlets to inform about legal proceedings, government actions, or other significant matters.

Third Parties

Individuals or groups besides the two involved in a transaction or legal case, often indirectly affected by the outcome.

Security Interest

A rephrased definition: A financial security provided by a debtor to a creditor as a guarantee for repayment of a loan, often involving a lien on an asset.