Which of the Following Statements Is True of Organizational Visions

question 8

Multiple Choice

Which of the following statements is true of organizational visions?

• A)Visions can exist only at the top of the organization.
• B)Visions primarily focus on performance and day-to-day survival.
• C)A person can develop a vision for any task.
• D)A vision is optional for effective leadership.
• E)A vision is still meaningful without any additional action.

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Definitions:

Loanable Funds

Funds available for borrowing, which come from savings deposited in banks or from other sources of capital.

Government Budget Deficit

The financial situation where a government's expenditures exceed its revenues within a specific period, often leading to borrowing.

Government Budget Surplus

A financial situation in which a government's revenues exceed its expenditures during a specific period of time.

Real Interest Rates

Interest rates adjusted for inflation, showing the real cost of borrowing or the real yield on savings.