What is a vision statement?

• A. A budget plan.
• B. A document stating current and future objectives of an organization.
• C. A risk assessment.
• D. A product specification.

Answer: (B)

A vision statement expresses where the organization aims to be in the long term—the aspirations and impact it wants to achieve. It serves as a north star that guides strategy, decisions, and daily actions, helping everyone align toward a common future.

The option that describes a document stating current and future objectives fits this purpose because it communicates the aims the organization is pursuing now and moving toward in the future, providing clear direction. In contrast, a budget plan is about allocating resources, a risk assessment identifies hazards and risks, and a product specification outlines features and requirements.