Which of the Following Statements About a Mission Statement Is

question 43

Multiple Choice

 Which of the following statements about a mission statement is true? 

• A) Even though no one denies the importance of the mission statement, it is the least used of all of the management tools.
• B) An effective mission statement takes an internal organizational focus.
• C) It should focus on the physical product or service that the organization is offering at present.
• D) It should focus on the broad class of needs that the organization is seeking to satisfy.

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Definitions:

Fixed Cost

A fixed cost is a business expense that remains constant regardless of changes in production levels or sales volumes.

Relevant Range

The span of activity or production level within which the assumptions about fixed and variable costs are valid.

Activity Changes

Refers to adjustments or variations in the level of operations or processes within an organization, often impacting costs and productivity.

Variable To Fixed Costs

The process of converting costs that vary with production volumes into costs that remain constant regardless of volume.