Which of the Following Is True of a Mission Statement

question 130

Multiple Choice

Which of the following is true of a mission statement of an organization?

• A) It focuses on embracing all goals of an organization.
• B) It encourages managers to hold conflicting objectives in crisis situations.
• C) It sets out the organization’s basic purpose for being.
• D) It serves as a substitute for more specific objectives guiding screening of possible opportunities.
• E) It does not require any revision even when the market environment changes.

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Definitions:

Import Quotas

Restrictions set by a country on the quantity of goods that can be imported within a certain time frame to protect domestic industries.

Domestic Employment

The total number of people employed within a country's borders, reflecting the health of the economy and labor market.

Services Abroad

The provision of services by a country or business to clients or customers located in other countries.

Goods Trade Surplus

An economic situation where a country exports more goods than it imports, leading to a positive trade balance.