Which of the Following Statements Is True About the Effectiveness

question 14

Multiple Choice

Which of the following statements is true about the effectiveness of a mission statement?

• A)The mission statement must be provided to the employees when they first enter the firm to be effective.
• B)The mere act of publishing the mission statement makes it effective as it clarifies to all employees the purpose of the organization.
• C)Effective mission statements are always posted on the company website.
• D)Detailed mission statements are more effective than simple ones.

---

Definitions:

Operating Costs

The day-to-day expenses involved with running a business, excluding costs associated with production.

Assets

Resources owned or controlled by an entity with expected future economic benefits.

Sales

The total revenue earned from the sale of goods or services related to a company's primary operations.

Common Stock

Common stock is a type of security that represents ownership in a corporation, granting holders voting rights and a share in the company's profits through dividends.