Mission Statements Should Be Written According to Certain Guidelines

question 24

Multiple Choice

Mission statements should be written according to certain guidelines.Which of the following are some of these guidelines? Select all that apply.

• A)no longer than a couple of sentences
• B)states the organization's purpose using action words
• C)covers a variety of activities and spans a broad time frame
• D)should be simple and from the heart

---

Definitions:

Depreciation

An accounting method of allocating the cost of a tangible asset over its useful life.

Assets

Economic resources controlled or owned by a business, which are expected to produce benefits or value in the future.

Owner's Equity

The residual interest in the assets of a company after deducting liabilities, representing what the owners truly own.

Revenue Recognition

The accounting principle dictating the conditions under which revenue is recognized and can be reported in financial statements.