Quiz 2 of 11

A small nonprofit organization would probably develop a vision statement but not a mission statement.

False

According to Campbell and Yeung, an organization's vision is associated with behavior and with the present.

False

As presented in the text book Vern McGinnis believes that a mission statement should empower keenly insightful leadership by an organization's top management.

False

Customer's and creditors are considered stockholders of an organization.

False

It is unusual for the claims and concerns of a company's stakeholders to vary or conflict.

False

The utility statement, "Do not offer me attractive looks; offer me clothes," is relevant in developing a mission statement.

False

A mission statement, is an enduring statement of purpose that distinguishes one organization from other similar enterprises.

True

According to King and Cleland, carefully developed written mission statements provide a basis for organizing work, departments, activities, and segments around a common purpose.

True

According to Vern McGinnis, a mission statement should define what the organization is and what the organization aspires to be.

True

The critiqued mission statements of PepsiCo and Royal Caribbean both lacked the "Customers" component.

True