Valves are components that control fluid flow or direction and are classified as either multi-turn or quarter-turn. Multi-turn valves include gate, globe, fixed cone, needle, and pinch valves which require multiple turns to open or close, while quarter-turn valves such as ball, butterfly, plug, and spherical valves only require a quarter turn to open or close. Common multi-turn valves are gate and globe valves, and common quarter-turn valves are ball and butterfly valves.