Which of the Following Is True of an Organization's Mission

question 105

Multiple Choice

Which of the following is true of an organization's mission statement?

• A) should be crafted late in the strategic implementation stage
• B) articulates how the organization will take advantage of opportunities by overcoming weaknesses
• C) does not have to be unique to the organization
• D) should be short so every employee can remember it
• E) does not provide direction for employees, but rather informs outsiders of what the organization does

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Definitions:

Compounded Monthly

A method of calculating interest where interest is added to the principal balance of an investment or loan once a month.

Future Value

The value of an investment or asset at a specified date in the future, taking into account factors such as interest rates or earnings.

Ordinary Annuity

A sequence of identical payments that are distributed at consistent intervals, where the initial payment is made at the conclusion of the period.

RRSP

Registered Retirement Savings Plan, a retirement savings and investment account for holding savings and investment assets, recognized by the Canadian government.