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:

Marginal Product

Refers to the additional output that is produced by adding one more unit of a specific input, assuming all other inputs are held constant.

Total Product

The total amount of output that a firm produces, usually measured over a certain time period, using all available inputs.

Total Costs

The sum of all expenses a company incurs to produce its goods or services, including fixed and variable costs.