Which is the most effective mission statement?
‘We own the most well-known, popular amusement parks and resort hotels in the world.’
‘We create happiness by providing the finest entertainment for people of all ages, everywhere.’
‘We sell toys, clothing, jewelry, housewares, books, movies, and much, much more!’
‘We want to become a $100 billion corporation by the end of the twenty-first century.’
The plan to increase production by 10% over a two-year period is an example of which management activity?
Developing objectives
Assigning job tasks
Controlling expenses
Directing employees
Which is a reason why managers develop company objectives?
To identify business purposes
To forecast sales potential
To solve operating problems
To communicate with employees
An effective mission statement should effectively reflect which component of the business?
Touch points
Specific goals
Ethics policies
Core values
Which characteristic is descriptive of a meaningful company objective?
Benefit levels
Performance targets
Salary ranges
Recruitment quotas
Managers use broad objectives that they develop for a business as the basis for setting which measurements?
