The Organization's Corporate Mission Statement

question 81

Multiple Choice

The organization's corporate mission statement

• A) should have a different mission statement for each subsidiary division.
• B) should be less formally stated to allow for growth.
• C) should contain explicit descriptions of their competitive advantages.
• D) should state what the organization would like to become.
• E) should describe the organization's SWOT.

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Definitions:

Consideration

The value (usually money, service, or goods) exchanged between parties in a contract that compels them to fulfill their mutual obligations.

Preexisting Duty

An obligation that a party is already bound to by law or by some other agreement. The party may not use this as consideration in a new contract.

Promissory Estoppel

A judicial principle that stops one from retracting a pledge given to another if the latter has justifiably depended on the promise to their disadvantage.

Disputed Amounts

Refers to the sums of money under contention between parties in transactions or contracts, often leading to negotiation or legal actions.