What Does a Mission Statement Represent

question 41

Multiple Choice

What does a mission statement represent?

• A) The reason an organization exists
• B) The profitability target of the organization
• C) The history of the organization
• D) What an organization wants to become
• E) The ownership of the organization

---

Definitions:

Debt/Equity Ratio

A measure indicating the proportional financing of assets via debt and shareholders' equity in a company.

Economic Bankruptcy

A situation where an entity cannot meet its financial obligations due to economic reasons, leading to insolvency.

Financial Distress

A situation where a company cannot meet or has difficulty paying off its financial obligations to creditors.

Involuntary Bankruptcy

A legal process initiated by creditors seeking to recover debts from a debtor who has stopped making payments.