With respect to the concepts of "purpose" and "mission," which of the following is correct?
A purpose is a statement of how an organization will behave with respect its stakeholders.
A mission is only relevant for not-for-profit organizations, while a purpose is relevant only for profit-making businesses.
A purpose is an organization's reason for being.
There is really no difference between a purpose and a mission.
A purpose is only relevant for not-for-profit organizations, while a mission is relevant only for profit-making businesses.
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q94: Strategic goals are
derived directly from the mission
Q95: Suppose that within the next four years
Q96: Strategy formulation involves, in order,
(1) creating a
Q97: Rolex sells high-quality, high-priced watches through selected
Q98: Strategy formulation is the
creation of a broad
Q100: Strategic goals are
derived from the environmental analysis.
intermediate
Q101: Each business unit in an organization will
Q102: Which of the following would typically be
Q103: Which of the following would usually be
Q104: XYZ Cake Mix Company is merging with
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents