Which of the Following Is False About Mission and Vision

question 27

Multiple Choice

Which of the following is false about mission and vision statements that explicitly address sustainability?

• A)They are not a guarantee of sustainable behavior among members of the organization.
• B)They are appropriate for business and educational organizations, but not really for other organizations.
• C)They communicate the injunctive norm that the organization endorses sustainability.
• D)They are a critical step toward fostering an organizational culture that supports sustainability.

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Definitions:

Short Run

A period in which at least one input in the production process is fixed and cannot be varied to influence output.

Economic Profit

The difference between a firm's total revenue and all costs, including both explicit and implicit costs.

Average Fixed Cost

The fixed costs of production (costs that do not change with the level of output) divided by the quantity of output produced, which decreases as output increases.

Total Product

The total quantity of output produced by a firm during a given time period with a given amount of inputs.