BMF – MAY 2015 – L1 – SA – Q9 – Nature of Business, Types, and Objectives

Definition of an organization's mission in alignment with stakeholder expectations.

Question

An organisation’s mission can be defined as:

A. The overriding purpose in line with the values or expectations of stakeholders
B. The organisation’s business plan
C. The overriding purpose in line with the values or expectations of its owners
D. The desired future state of the organisation
E. The current state of the organisation

Answer

Answer: A. The overriding purpose in line with the values or expectations of stakeholders

Explanation:
An organization’s mission refers to its core purpose, typically aligned with the values or expectations of a broad range of stakeholders, not just owners. It serves as a guiding principle for decision-making and defines the organization’s role in the broader context of society and business.

Tags: Business Objectives, Mission Statement, Purpose, Stakeholders
Level: Level 1

Topic: Nature of Business, Types, and Objectives
Series: MAY 2015

Uploader: Kwame Aikins