CA Inter P6 · Chapter 10 · Question 4 of 10
Which of the following best describes the difference between a vision and a mission?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: D) A vision describes what the organisation wants to become in future, while a mission describes its present purpose and the business it is in
Explanation
A vision is an inspiring picture of the organisation's desired future. A mission explains why the organisation exists: who its customers are, what needs it meets and how. Quantified targets belong to goals and objectives, which turn the mission into measurable results.
More Introduction to Strategic Management MCQs
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