Which of the following is true of the mission statement of an organization?
A. It encourages managers to hold conflicting objectives in crisis situations.
B. It serves as a substitute for more specific objectives guiding the screening of possible opportunities.
C. It focuses on embracing all goals of the organization.
D. It sets out the organization's basic purpose for being.
E. It does not require any revision, even when the market environment changes.
Answer: D
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