1. The purpose of the organization is explained by the:

a) Mission Statement

b) Vision Statement

c) Organizational values statement

2. The philosophy of the organization is explained by the:

a) mission statement

b) vision statement

c) Organizational values statement

3. Mission, vision and value statements can vary in how many of the aspects described below?

a) organization

b) Length

c) Terminology

d) Emphasis

e) All of the above

4. Which type of financial statement is often prepared to answer a what-if question?

a) A projection

b) A forecast