Simulation is a statistics-based approach used in capital budgeting to get a feel for risk by applying predetermined probability distributions and random numbers to estimate risky outcomes
Indicate whether the statement is true or false
TRUE
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______ update their status on Facebook an average of 21 times each week, and ______ update their status an average of 6 times each week.
Fill in the blank(s) with the appropriate word(s).
Through the data mining application of ________, marketers target promotional strategies based on the records of which customers have recently purchased certain products
A) customer retention B) customer loyalty C) customer acquisition D) customer abandonment E) market basket analysis
To overcome his employees’ resistance to change, Daniel constantly looks for better ways to do things. He tries to show employees that he has their best interests at heart and he encourages employees to suggest changes. Daniel is trying to ______ to overcome resistance to change.
A. develop a positive trust climate for change B. clearly state why the change is needed C. create a win-win situation D. provide support and evaluation
An organization that resists entrepreneurial initiative
A. may fail while awaiting the completion of one large, innovative project. B. faces the risk of overrelying on a single project. C. may lose its ability to adapt when conditions require change. D. spreads intrapreneurial efforts over many small-scale projects. E. represents the process of changing the status quo.