Multiple Choice
Which of the following is a retirement plan sponsored by an employer?
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1. Introduction to Accounting
Types of Accounting
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Which of the following is NOT a common shortcoming of company vision statements?
A
They provide clear and specific direction for the company.
B
They are unrealistic or unattainable.
C
They focus excessively on financial goals.
D
They are too vague or generic.
Verified step by step guidance1
Understand the purpose of a company vision statement: A vision statement outlines the long-term aspirations and goals of a company, serving as a guiding principle for decision-making and strategy.
Identify common shortcomings of vision statements: These include being unrealistic or unattainable, focusing excessively on financial goals, or being too vague or generic.
Analyze the provided options: Evaluate each option to determine whether it aligns with the common shortcomings of vision statements.
Recognize that providing clear and specific direction is not a shortcoming: Instead, it is a desirable quality of a strong vision statement, as it helps guide the company effectively.
Conclude that the correct answer is the option stating 'They provide clear and specific direction for the company,' as this is not a shortcoming but rather a positive attribute.
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