A(n) ________ Is a Systematic Collection of Data About All

question 60

Multiple Choice

A(n) ________ is a systematic collection of data about all elements of the firm's external and internal environments.

• A) environmental scan
• B) strategic analysis
• C) strategic formulation
• D) situation analysis

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Definitions:

Selection Bias

A distortion in statistical analysis caused by choosing non-random data for statistical analysis.

Data Samples

Collections of data gathered from various sources used for analysis or training algorithms.

Different Activities

Various tasks or operations that a business or individual may engage in, often requiring distinct sets of skills or resources.

Correlation With Causation

The mistaken assumption that a relationship between two variables (correlation) necessarily implies that one causes the other (causation).