As We Move Up the Left-Hand Side of the "Great

question 1

Multiple Choice

As we move up the left-hand side of the "Great Wheel of Science" we become more

• A)specific.
• B)general.
• C)empirical.
• D)quantitative.

---

Definitions:

Product-by-value Analysis

A method for prioritizing products or projects based on their monetary value and impact on the company's goals.

Financial Analysis

The evaluation of a business's financial statements to understand its performance, liquidity, and solvency, among other factors.

Firm's Resources

Assets, capabilities, organizational processes, firm attributes, information, and knowledge that a firm controls and can use to conceive and implement its strategies.

Forecasting Capacity Requirements

The process of predicting the resources (such as machinery, labor, and space) needed to meet product demand at a future time.