BUSINESS ADMINISTRATION
STRATEGIC MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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In the SEC report
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In annual report
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On customer receipts
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On suppliers invoices
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Detailed explanation-1: -Answer and Explanation: The statement is true. It is true that vision and mission statements are often presented in the annual report of an organization. Moreover, they are typically found on the front pages of this document.
Detailed explanation-2: -Vision and mission statements can often be found in the front of annual reports. While vision and mission statements are part of numerous internal reports, they should never be displayed in a firm’s premises. The foundation for development of a comprehensive mission statement is provided by a clear vision.
Detailed explanation-3: -Mission statements are usually included at the very beginning of the company’s annual report or in the Chairman’s letter to shareholders.
Detailed explanation-4: -Solution(By Examveda Team) The vision and mission statement can often be found in annual reports.