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:

Contribution Format

A type of income statement where costs are separated into variable and fixed categories, highlighting the contribution margin.

Operating Leverage

A measure of how revenue growth translates into growth in operating income, determined by the proportion of fixed costs in a company's cost structure.

Sales Increase

The rise in the volume or amount of sales over a specific period, reflecting business growth.

Net Operating Income

The profit generated from a company's core business operations after deducting all operating expenses except for interest and taxes.