Page | 1
MIE 480 EXAM 1 2026 LATEST
QUESTIONS AND ANSWERS| ACE
YOUR GRADES.
T/F: According to the news article "FT interview with Google co-
founder and CEO Larry Page", Google is not shrinking from its
altruistic prin-ciples and wants to have a much more positive
impact on the world. The Triple Bottom Line could be a useful tool
to measure performance on this. However, Google cannot use
this tool because it is a for-profit company - correct answer -false
T/F; An effective mission statement is short, simple, and specific
to the company, but need not imply activities and goals that are
measurable. - correct answer -false
T/F: According to the news article "FT interview with Google co-
founder and CEO Larry Page", Google's altruistic principles have
established trust and a positive relationship between its internet
search business and markets in the U.S. and Europe. Now,
instead of shrinking away from its aim to have a positive moral
impact on the world, Google is pouring money and resources into
making a material difference to the lives of most people on earth.
- correct answer -false
, Page | 2
Provides fundamental guidance to all of the organization's
employees by laying out the unique purpose of the organization
and its defining competitive approach? - correct answer -both
vision and mission statement
T/F: The answers to questions such as "Where should our
company be in ten years?" and "At the core, what are we
particularly good at doing?" are a critical part of the process of
developing a vision statement. - correct answer -true
Best statement of Costco's mission as it is described in the news
article "Costco CEO Craig Jelinek Leads the Cheapest, Happiest
Company in the World"? - correct answer -We sell quality stuff at
the best possible price; good things happen to us because we
treat consumers and employees with respect.
Two most pressing issues that develop as an organization grows?
- correct answer -Coordination; and consistency of effort toward a
common purpose.
, Page | 3
T/F: The strategy planning hierarchy is topped by a vision and has
as its foundation the organization's activities and routines. -
correct answer -True
A brief statement that summarizes how and where the firm will
compete in the present? - correct answer -mission statement
Serves the function of being the glue that binds employees'
collective actions on a daily basis into a consistent and unified
effort for the company? - correct answer -both the vision and
mission
T/F: A mission statement with very specific financial goals may
lock management and employees into specific targets and cause
them to bypass strategic actions that will better position the
company for the long-term. - correct answer -true
T/F: Effective vision statements are short, memorable, and
incorporate both foresight and the company's enduring values. -
correct answer -true
MIE 480 EXAM 1 2026 LATEST
QUESTIONS AND ANSWERS| ACE
YOUR GRADES.
T/F: According to the news article "FT interview with Google co-
founder and CEO Larry Page", Google is not shrinking from its
altruistic prin-ciples and wants to have a much more positive
impact on the world. The Triple Bottom Line could be a useful tool
to measure performance on this. However, Google cannot use
this tool because it is a for-profit company - correct answer -false
T/F; An effective mission statement is short, simple, and specific
to the company, but need not imply activities and goals that are
measurable. - correct answer -false
T/F: According to the news article "FT interview with Google co-
founder and CEO Larry Page", Google's altruistic principles have
established trust and a positive relationship between its internet
search business and markets in the U.S. and Europe. Now,
instead of shrinking away from its aim to have a positive moral
impact on the world, Google is pouring money and resources into
making a material difference to the lives of most people on earth.
- correct answer -false
, Page | 2
Provides fundamental guidance to all of the organization's
employees by laying out the unique purpose of the organization
and its defining competitive approach? - correct answer -both
vision and mission statement
T/F: The answers to questions such as "Where should our
company be in ten years?" and "At the core, what are we
particularly good at doing?" are a critical part of the process of
developing a vision statement. - correct answer -true
Best statement of Costco's mission as it is described in the news
article "Costco CEO Craig Jelinek Leads the Cheapest, Happiest
Company in the World"? - correct answer -We sell quality stuff at
the best possible price; good things happen to us because we
treat consumers and employees with respect.
Two most pressing issues that develop as an organization grows?
- correct answer -Coordination; and consistency of effort toward a
common purpose.
, Page | 3
T/F: The strategy planning hierarchy is topped by a vision and has
as its foundation the organization's activities and routines. -
correct answer -True
A brief statement that summarizes how and where the firm will
compete in the present? - correct answer -mission statement
Serves the function of being the glue that binds employees'
collective actions on a daily basis into a consistent and unified
effort for the company? - correct answer -both the vision and
mission
T/F: A mission statement with very specific financial goals may
lock management and employees into specific targets and cause
them to bypass strategic actions that will better position the
company for the long-term. - correct answer -true
T/F: Effective vision statements are short, memorable, and
incorporate both foresight and the company's enduring values. -
correct answer -true
