Which of the Following Statements Is True of a Vision

question 99

Multiple Choice

Which of the following statements is true of a vision statement?

• A) An overview of a business and its immediate goals form a vision statement.
• B) A vision statement describes a firm's goal and its competitive advantages.
• C) A tagline or a slogan is a good way to present vision statements.
• D) A vision statement gives more detail about a business than an executive summary.

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Definitions:

Title To Delivery

A legal concept indicating the transfer of ownership of goods from a seller to a buyer when specific conditions are met.

Small Business Loan

Financing specifically targeted to support the needs and growth of small and medium-sized enterprises, often provided with favorable terms.

Goods-In-Bailment

Items that are temporarily entrusted to another party (the bailee) for a specified purpose, under a bailment agreement, but ownership remains with the person who entrusts the goods (the bailor).

Negotiable Document

A document guaranteeing the payment of a specific amount of money, either on demand or at a set time, that can be transferred to another holder.