Final answer:
The statement is false. A vision statement is about what an organization wants to become in the future, whereas a mission statement defines the organization's current business, objectives, and approach.
Step-by-step explanation:
The statement, 'A vision statement answers the question, What is our business? whereas a mission statement answers, What do we want to become?' is false. In reality, a vision statement describes what an organization wants to become or hopes to achieve in the future. It sets an aspirational goal. On the other hand, a mission statement defines the company's business, its objectives, and its approach to reach those objectives. It articulates the company's purpose and serves as a guide for decision-making.
Examples of Vision and Mission Statements
For example, Microsoft's vision statement is 'to help people and businesses throughout the world realize their full potential,' which is about what they want to become. In contrast, their mission statement 'to empower every person and every organization on the planet to achieve more,' clearly states what they do and what they strive for in terms of their operations.