A Well-Written Mission Statement Should Do All of the Following

question 2

Multiple Choice

A well-written mission statement should do all of the following except

• A) define the organization for key stakeholders.
• B) create an inspiring vision of what the organization can be and do.
• C) recognize who is responsible for the vision.
• D) state a common goal and foster a sense of togetherness.
• E) establish key priorities.

---

Definitions:

Parent

In corporate finance, refers to a company that holds a controlling interest in one or more subsidiary companies.

Subsidiary

A corporation that is governed by another corporation, referred to as the parent company, by possessing over 50% of its voting shares.

In-Process Research and Development

Expenditures on research and development activities that are not yet complete, which may be capitalized as an intangible asset.

Indefinite-Lived Asset

An asset that is not anticipated to be consumed or used up and does not have a definable useful life, such as certain trademarks or goodwill.