* Business class*

A firm's shared values, beliefs, traditions, philosophies, rules, and role models for behavior. A Write the correct term under its definition. The process of evaluating and correcting activities to keep the organization on course. A Write the correct term under its definition. The division of labor into small, specific tasks and the assignment of employees to do a single task. A Write the correct term under its definition. Making products to meet a particular customer's needs or wants. A Write the correct term under its definition. A precise statement of the rationale for a business and a step-by-step explanation of how it will achieve its goals. A/ Terracycle is a company that uses everyday waste products to make other useful consumer products at a typically higher price. This process is called: A) recycling B) inputs C) outputs D) upcycling E) transformation or conversion In order to make Entrepreneur Magazine's Franchise 500, there are several qualities. Select the criteria that is NOT measured: A) Franchisor cannot be in Chapter 11 bankruptcy at the time the ranking B) Only allow franchisees with a net worth of a million dollars or more. C) The company must be seeking new franchisees in the U.S. D) Franchisor must have a minimum of 10 units. Select the answer that is NOT true about Fortune 500 companies: A) They are historically the largest corporations in the United States. B) They employ fewer total employees today than they did 10 years ago. C) They generate over $4 billion in sales revenue annually. D) They are mainly privately-owned small businesses. E) 25 percent of them are family-owned. According to the O'NET Web site, which is maintained by the U.S. Dept. of Labor, there are industries and ____ different careers available in America. A) 20; 934 B) 21; 974 C) 11; 920 D) 15; 900 Match the planning technique with the correct time span. Establishes the long-range objectives & overall strategy to fulfill the firm's mission. Typically 2-10 years. 1. Operational 2. Strategic Short-range strategy implementation. A time frame of 1 year or less. 3. Tactical