When Reviewing the Diversity of Management Practices Around the World

question 7

Multiple Choice

When reviewing the diversity of management practices around the world, the quality of management practices:

• A)​Depends on the interpersonal relationships among managers.
• B)​Is tightly related to size of firm, economic development of markets, and formal structures.
• C) ​Seems to correlate with the level of economic development.
• D) ​Relies heavily the assessment of external opportunities and threats.

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Definitions:

Error of Estimation

The discrepancy between a population parameter and its estimate based on a sample.

Sample Size

The number of observations or data points that make up a sample in a study.

Error of Estimation

The difference between a population parameter and its estimate derived from a sample.

Standard Deviation

A statistical measure that quantifies the amount of variation or dispersion of a set of values.