What document outlines the goals and values of a business organization?

The mission statement is a crucial document that articulates the fundamental goals and values of a business organization. It serves as the guiding star for the company, outlining its purpose, core values, and what it aims to achieve. By providing a clear summary of the organization's objectives and philosophies, the mission statement helps stakeholders, including employees, customers, and partners, understand what the business stands for and what direction it intends to follow.

In contrast, other options serve different functions. A business report tends to focus on providing detailed information about specific aspects of the organization, such as performance metrics or project updates. An action plan outlines the specific steps and initiatives to achieve certain objectives but does not typically encapsulate the broader mission or values. A financial statement presents financial data regarding the organization's performance, such as income and expenditures, without addressing its goals or mission. Hence, the mission statement is the appropriate choice for defining the core aspirations and values of a business organization.