The Wording of a Company's Vision Statement Should Commonly Be

question 113

Multiple Choice

The wording of a company's vision statement should commonly be

• A)vague or incomplete-short on specifics.
• B)flexible-adjustable according to changing circumstances.
• C)bland or uninspiring-short on inspiration.
• D)generic-could apply to almost any company (or at least several others in the same industry).
• E)reliant on superlatives (best, most successful, recognized leader, global or worldwide leader, first choice of customers).

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Definitions:

Transfer Price

The price charged for goods or services sold between divisions, subsidiaries, or companies under the same control.

Northern Division

Typically refers to a geographical or organizational segment of a business located in the northern part of a country or region.

Transfer Price

The price charged for goods or services transferred between departments or divisions of the same company.

Variable Cost

Costs that vary directly with the level of production or sales volume, increasing as business activity rises and decreasing as it falls.