Which of the following statements about organization missions is FALSE?1. They define a company's reason for existence2. They are formulated after strategies are known3. They indicated what a company intends to contribute to society4. They provide guidance for functional area missions5. They reflect a company's purpose

Answer: The correct answer is choice 2.

Explanation: All of the statements about mission statements are correct with the exception of choice 2. Mission statements are not formulated after strategies are knows. First, a company determines what their mission is, and then they develop the strategies to accomplish the designated mission.