If an Organization Chooses to Have Both a Mission and a Vision

question 62

True/False

If an organization chooses to have both a mission and a vision, the mission statement should be established first.

---

Definitions:

Total Assets

Total assets represent the sum of everything of value owned by a company, including cash, investments, property, and equipment.

Current Stockholders' Equity

The total value of all shareholders' interests in a company, based on current financial statement data.

External Exchange

External Exchange involves the trading or swapping of goods, services, or financial assets between entities across different economies or markets.

Supplies

Items used in the operation of a business that are not inventory and are typically consumed within a short period.