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Management · Q151

Strategic Management

Graduate and Post Graduate · Management · question 151

Q151

The purpose of a mission statement is to declare all of these except

A.
a reason for being
B.
an annual financial plan
Answer
C.
a statement of purpose
D.
a statement of beliefs

Answer: Option B

Solution

Answer: Option B
Solution:
The purpose of a mission statement is to declare all of these except an annual financial plan. The sole purpose of a mission statement is to serve as a company's goal/agenda, it outlines clearly what the goal is.