Question 18 Which of the following statements about an organization's mission, vision, and values is true? The mission, vision, and values statements are set in stone and cannot be altered once the regulatory documents for the institution are submittec to the state. The mission, vision, and values statements must be reviewed as part of the strategic planning process. The mission may not be altered but the vision and values statements may be ammended. The mission can be updated every five years, but the vision and value statements are permanent documents that may not be changed.

An organization's mission, vision, and values are dynamic elements that can change to reflect new goals, shifts in the market, or changes in leadership. Regular reviews are crucial as they align the institution's activities with its current objectives and the needs of its stakeholders, fostering growth and adaptability. In practice, many successful organizations emphasize the importance of revisiting these statements regularly—especially during strategic planning. This allows them to stay relevant in an ever-changing world and ensures that all members of the organization are working towards the same objectives while embracing innovation and new opportunities.