With respect to the concepts of "purpose" and "mission," which of the following is correct?
A) A purpose is a statement of how an organization will behave with respect its stakeholders.
B) A mission is only relevant for not-for-profit organizations, while a purpose is relevant only for profit-making businesses.
C) A purpose is an organization's reason for being.
D) There is really no difference between a purpose and a mission.
E) A purpose is only relevant for not-for-profit organizations, while a mission is relevant only for profit-making businesses.

Question

Quizplus · Accepted Answer

A purpose is indeed an organization's reason for being. While a mission statement also plays a crucial role in defining the organization's direction, it usually outlines specific goals and actions rather than the overarching reason for existence. Option A is partially true, but a purpose statement goes beyond defining behavior towards stakeholders. Option B and Option E are incorrect as both purpose and mission are relevant for all types of organizations. Option D is incorrect, as discussed above.

With Respect to the Concepts of "Purpose" and "Mission," Which