Core Values Refer to

question 267

Multiple Choice

Core values refer to

• A) the cultural ethos of an organization.
• B) proprietary values of a firm.
• C) written mission statements that express an organization's goals and objectives.
• D) the personal moral and ethical codes of a firm's stakeholders.
• E) the fundamental, passionate, and enduring principles that guide an organization's conduct over time.

---

Definitions:

Activity

Any action or operation within a business or process.

Committed Fixed Costs

Long-term fixed costs that an organization has committed to, which are not easily changed, such as lease payments or insurance costs.

Short Term

Referring to a time frame typically less than one year, often relating to immediate goals, financial obligations, or investments.

Variable Cost

Costs that change in proportion with the level of production or business activity, such as materials and labor directly involved in production.