A key purpose of a vision and mission statement is to inform what a firm is, what it seeks to accomplish, and who it seeks to serve. a. former employees b. CEOs c. regulators d. stakeholders

D. stakeholders

Explanation:

Former Employees do not need to know the company's future vision and mission as they are not working in that particular country. Hence, Option A is not the answer.

CEO prepares the vision and mission statement along with the board of directors. Therefore, they know what to accomplish and not need to be informed. So, option B is wrong.

Regulators prepare the rules, so option C is incorrect.

Stakeholders include the company's owners, creditors, government bodies, and customers. They have to know what specific objective needs to be achieved and what should be the vision and mission of that company. So, Option D is the right answer.

The correct answer is letter "D": stakeholders.

Explanation:

The mission and vision of a company state where the company is, where it would like to be, and how it plans to achieve its goals involving satisfying a social need. Thus guidelines are important to stakeholders who are the investors or, in a few words, the individuals who put their money in the company so it will have enough funds to run its operations.

Stakeholders need to know what the company's plans are in detail so they can determine if the venture is interesting or not for them.

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