Statistical methods that generally require very few, if any, assumptions about the population distribution are known as
a. parametric
b. nonparametric
c. free methods
d. None of these alternatives is correct.
B
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Answer the following statements true (T) or false (F)
1. After comparing budgets with the actual results, the feedback allows managers to determine what, if any, corrective action should be taken. 2. Budgeting requires managers to develop overall business goals and budget for specific actions to achieve the goals. 3. Budgets provide a benchmark that motivates employees and helps managers evaluate performance. 4. Developing a budget reduces coordination and communication at different levels in an organization. 5. budget represents the plans that a company has in place to achieve its goals.
2. Which of the following statements is wrong?
A. Startups usually have a paucity of any historic data. B. Entrepreneurs do not have the ability to diversify their risk in the normal manner. C. Entrepreneurs prefer investors to banks in most cases. D. A+B
Types of surveillance include all of the following except:
a. stationary. b. tailing. c. electronic. d. All of the choices are types of surveillance. e. None of the choices are types of surveillance.
Visualization:
A. uses statistical and other quantitative tools to turn data into useful information B. uses various databases and relates elements from the diverse databases to create information C. compares an organization's performance metrics to industry standards or comparable selected organizations D. presents data in charts and graphs to emphasize key points