New RBI Grade B 2025 Notification will come Soon! Enroll Here

    Question

    An outline of the fundamental purpose (specific in

    nature) of an organization to achieve the vision is called its
    A objectives Correct Answer Incorrect Answer
    B policy Correct Answer Incorrect Answer
    C Mission statement Correct Answer Incorrect Answer
    D Vision statement Correct Answer Incorrect Answer
    E Goal Correct Answer Incorrect Answer

    Solution

    The vision statement describes where the organization wants to be in the future; the mission statement describes what the organization needs to do now to achieve the vision. The vision and mission statements must support each other, but the mission statement is more specific. It defines how the organization will be different from other organizations in its industry. A Mission Statement defines the company’s business, its objectives and its approach to reach those objectives. A Vision Statement describes the desired future position of the company. Elements of Mission and Vision Statements are often combined to provide a statement of the company’s purposes, goals and values.

    Practice Next

    Relevant for Exams: