Which of the Following Statements Is False

question 26

Multiple Choice

Which of the following statements is false?

• A)A vision helps the organization make choices about what it should and should not do.
• B)A vision statement does not have to be a solo effort on the part of the leader.
• C)A vision is the final destination for an organization.
• D)Often times leaders will work with a team of followers to craft a vision statement.

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Definitions:

Loanable Funds

The total amount of financial capital available for borrowing in financial markets.

Investment Projects

Initiatives undertaken by individuals, companies, or governments to allocate resources in the expectation of future financial returns.

Usury Laws

Regulations that set maximum interest rates which can be charged on loans, to protect borrowers from excessively high rates.

Interest Rates

The cost of borrowing money, typically expressed as a percentage of the principal, paid to lenders over a period.