A Broad Statement That Defines the Organization's Purpose and Scope

question 87

Multiple Choice

A broad statement that defines the organization's purpose and scope is known as a

• A) strategic plan.
• B) mission statement.
• C) vision statement.
• D) values statement.
• E) value chain.

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Definitions:

Insurance

A financial product that provides protection against potential future losses or damages in exchange for a premium.

Oral Contract

A verbal agreement between parties that is legally binding.

Statute of Frauds

A rule in law that mandates specific contract types must be written and signed to be legally binding.

Statute of Frauds

A legal principle that requires certain types of contracts to be in writing and signed by the party to be charged, to be enforceable.