An Advantage of Centralised Decision Making Is

question 10

Multiple Choice

An advantage of centralised decision making is:

• A) More rapid decision making in all contexts
• B) Greater effectiveness in volatile environments
• C) More motivated employees
• D) Less monitoring of decisions

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Definitions:

Indicator Variables

Variables in statistics used to represent categorical data with values indicating the presence or absence of a characteristic.

Analysis of Variance (ANOVA)

A statistical method used to compare the means of three or more samples to understand if at least one of the sample means significantly differs from the others.

Type I Error

The faulted rejection of an authentic null hypothesis, also termed as a "false positive."

Type II Error

The error that occurs when a statistical test fails to reject a false null hypothesis, also known as a "false negative" result.