The CA Hub

PRC-3 · Chapter 1 · Question 39 of 61

A multinational corporation sets an ultimate, inspirational target 'to be the most recognized and trusted brand in global healthcare by 2050.' What type of statement is this?

Test yourself: pick an answer

Reveal answer & explanation

Correct answer: C) Vision statement

Explanation

A vision statement describes an inspirational, long-term future state of what the organization ultimately wants to become.

All 61 questions in Chapter 1Nature of Business MCQs with answers

More Nature of Business MCQs

Sponsored slot availableRun a CA academy or hiring firm? Put your name in front of students preparing for this exam.Advertise →