What our business is' is stated in?
Correct answer: A. mission statement
- A. mission statement
- B. strategic goals
- C. vision statement
- D. all of aboveMcqs Practice Tests
Explanation
A mission statement explains the organization’s present business, customers and purpose, answering “What is our business?” A vision statement instead describes the desired future state.
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About Principles of Management
Management principles explain how organisations set objectives and coordinate people and resources to achieve them. Coverage includes planning, organising, staffing, directing, coordinating and controlling, along with authority, responsibility, delegation, span of control and the levels of management. These functions are related but not interchangeable, especially planning and controlling.
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138 free Principles of Management MCQs from Management Sciences, each with the correct answer and an explanation. Unlimited attempts, no account needed.
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Management Sciences is on 2 papers prepared for on TestUstad, and all of them draw the same bank, so this question is worth knowing for every one of them.