A Vision Statement Is a Statement That

question 17

Multiple Choice

A vision statement is a statement that:

• A)tells it like it is
• B)is thorough and exhaustive
• C)represents a realistic concept of the short-term position of the company
• D)should be memorable and inspire employees

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Definitions:

Balance of Trade Surplus

A condition where a country's exports exceed its imports, resulting in a positive balance of trade.

Net Exports

The difference between a country's total value of exports and its total value of imports. If exports exceed imports, net exports are positive; if imports exceed exports, net exports are negative.

Fundamental Principle

A basic idea, concept, or rule that serves as the foundation for a system of belief or behavior or for a chain of reasoning.

International Trade

International trade entails the exchange of goods and services between countries, contributing to the global economy through imports and exports.