A Mission Statement is all about why a company exists; its purpose and its intention.Question 7AnswerTrueFalse

The statement about a Mission Statement being all about why a company exists, its purpose, and its intention is true.

Explanation:

A Mission Statement serves as a foundational element for an organization. It articulates the organization's objectives and its overarching goals, and it helps align the strategies and actions of the employees with the company’s vision. The clarity of mission statements also fosters a sense of identity within the organization and communicates its core values to stakeholders, customers, and the wider community. When an organization clearly defines its purpose, it not only provides direction but also strengthens its commitment to its objectives, guiding operational decisions and strategies.

Thus, when faced with the question of whether a Mission Statement encapsulates the purpose and intention of a company, the answer is definitively True.