Mission Statement
CHAPTER 2
The Business Mission
True/False
Introduction
1. In the front of annual reports is where vision and mission statements can often be found.
Ans: T Page: 56
What Do We Want To Become?
2. The foundation for development of a comprehensive mission statement is provided by a clear vision.
Ans: T Page: 56
3. The mission statement should be short, preferably one sentence.
Ans: F Page: 56
4. If an organization chooses to have both a mission and a vision, the mission statement should be established first, as mission identifies where we are and vision would indicate where we want to go.
Ans: F Page: 56
What Is Our Business?
5. An increasing number of organizations are developing formal mission statements.
Ans: T Page: 59
6. A declaration of an organization’s “reason for being” is the mission statement.
Ans: T Page: 59
7. A statement of corporate beliefs is synonymous with the term mission statement.
Ans: T Page: 59
8. Carefully prepared statements of vision and mission are widely recognized as the first step in strategic management.
Ans: T Page: 59
9. A mission statement, sometimes called a creed statement, can be defined as an “enduring statement of purpose that distinguishes one organization from other similar enterprises.”
Ans: T Page: 59
10. The long-term aspirations of an organization in terms of what it wants to become can be described in a vision statement.
Ans: T Page: 59
11. There is no need for a mission statement in small, nonprofit organizations.
Ans: F Page: 59
12. A mission statement describes an organization’s objectives.
Ans: F Page: 59
13. An important question a mission statement should answer is “What is our business?”
Ans: T Page: 59
14. Whereas the mission statement answers the question “What do we want to become?” the vision statement answers the question “What is our business?”
Ans: F Page: 59-60
15. In order to motivate a workforce effectively, both profit and vision
The Business Mission
True/False
Introduction
1. In the front of annual reports is where vision and mission statements can often be found.
Ans: T Page: 56
What Do We Want To Become?
2. The foundation for development of a comprehensive mission statement is provided by a clear vision.
Ans: T Page: 56
3. The mission statement should be short, preferably one sentence.
Ans: F Page: 56
4. If an organization chooses to have both a mission and a vision, the mission statement should be established first, as mission identifies where we are and vision would indicate where we want to go.
Ans: F Page: 56
What Is Our Business?
5. An increasing number of organizations are developing formal mission statements.
Ans: T Page: 59
6. A declaration of an organization’s “reason for being” is the mission statement.
Ans: T Page: 59
7. A statement of corporate beliefs is synonymous with the term mission statement.
Ans: T Page: 59
8. Carefully prepared statements of vision and mission are widely recognized as the first step in strategic management.
Ans: T Page: 59
9. A mission statement, sometimes called a creed statement, can be defined as an “enduring statement of purpose that distinguishes one organization from other similar enterprises.”
Ans: T Page: 59
10. The long-term aspirations of an organization in terms of what it wants to become can be described in a vision statement.
Ans: T Page: 59
11. There is no need for a mission statement in small, nonprofit organizations.
Ans: F Page: 59
12. A mission statement describes an organization’s objectives.
Ans: F Page: 59
13. An important question a mission statement should answer is “What is our business?”
Ans: T Page: 59
14. Whereas the mission statement answers the question “What do we want to become?” the vision statement answers the question “What is our business?”
Ans: F Page: 59-60
15. In order to motivate a workforce effectively, both profit and vision