A Mission Statement Has the Following Purposes Except

question 259

Multiple Choice

A mission statement has the following purposes except:

• A) to keep managers working towards a common purpose.
• B) to communicate the firm's basic reason for being.
• C) to help firms decide what opportunities to pursue.
• D) to help firms decide what opportunities to avoid.
• E) to provide detailed goals and plans.

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Definitions:

Covenant Not to Compete

A legal agreement in which one party agrees not to enter into or start a similar profession or trade in competition against another party.

Tort of Defamation

A civil wrong that involves making false statements about someone that harm their reputation.

Intoxicated

A state of being affected by substances such as alcohol or drugs, which impair cognitive functions and physical abilities, leading to reduced control and judgment.

Unconscionability

A condition in which a contract or a clause within the contract is deemed unjust or extremely one-sided in favor of the party with more power.