A Company's Value System and Its Collection of Guiding Principles

question 25

Multiple Choice

A company's value system and its collection of guiding principles is known as its:

• A)mission statement.
• B)corporate culture.
• C)strategic plan.
• D)vision statement.

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Definitions:

Standardization

The degree to which work activities are accomplished in a routine fashion.

Productive Results

The successful outcomes and achievements resulting from effective and efficient work practices and processes.

Physical Activity

Any bodily movement produced by skeletal muscles that require energy expenditure, including activities undertaken while working, playing, or exercising.

Work

A series of tasks or activities performed to achieve a goal, often to earn an income.