Which Is the MOST Effective Mission Statement

question 8

Multiple Choice

Which is the MOST effective mission statement?

• A) "To become the most profitable bank in the world."
• B) "To grow profits by 2% each quarter."
• C) "To serve local families."
• D) "To put our competition out of business."

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Definitions:

Tong

An organization or society, often referring to Chinese secret societies or fraternal organizations, some of which were involved in criminal activities.

Privity of Contract

A legal concept indicating that contracts are binding only upon the parties signing the contract, excluding any third parties.

Insurance Contract

A legally binding agreement between an insurer and the insured, outlining the terms for premium payment and the conditions under which the insurer will compensate the insured.

Goods

Tangible, movable personal property that can be measured and weighed; also known as chattels.