One of the Reasons for Developing a Vision Statement for an Organization

question 41

Multiple Choice

One of the reasons for developing a vision statement for an organization is to

• A) match the competition
• B) prevent confusion over the purpose of the business
• C) satisfy the stakeholders
• D) comply with corporate policy

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Definitions:

Health Insurance Providers

Health Insurance Providers are companies or organizations that offer plans aimed at covering the costs of medical care for insured individuals or entities.

Return On Investment

A measure used to evaluate the efficiency or profitability of an investment, calculated by dividing the return of an investment by its cost.

Nearest Hundred Thousand

Rounding a number to the closest increment of one hundred thousand.

Social Security Contributions

Payments made to a government scheme that provides retirement, disability, and survivals benefits, funded through taxes on employers and employees.