A Good Mission Statement Should NOT

question 90

Multiple Choice

A good mission statement should NOT

• A) focus on a few key goals.
• B) be a substitute for more specific objectives.
• C) embrace everything the firm stands for.
• D) supply guidelines when managers face difficult decisions.
• E) none of the above is correct.

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Definitions:

Fixed

A term often used in finance and economics to denote something that is constant or unchanging over a period.

Unknown

In research and statistics, it refers to a quantity or a property which needs to be discovered or measured.

Confidence Level

The probability that the value of a parameter falls within a specified range of values, often associated with a confidence interval.

Confidence Interval

A range of values derived from sample data that is likely to contain the true population parameter with a specified level of confidence.