Final answer:
The statement is false; a vision statement describes an organization's long-term aspirations, while a mission statement defines its current purpose and operational objectives.
Step-by-step explanation:
The statement that vision is an organization's purpose or reason for being, and a company's mission statement is its long-term goal of what it wants to become is False. Typically, the terms are defined oppositely in business terminology. A vision statement outlines the long-term goals and aspirational ideas of what the organization aims to ultimately become or achieve. In contrast, the mission statement generally offers a concrete declaration of the organization's purpose, focus, and operational objectives; it describes what the company does, whom it serves, and how it serves them.
For instance, developing a long-term vision regarding land use and conservation goals is about creating an overarching, aspirational outlook for the future of a region. A mission statement for the same objective would detail the actions and commitments the organization is making in the present, such as advocacy, education, or specific conservation practices.