The External __________ Includes All Elements Existing Outside the Boundary

question 117

Short Answer

The external __________ includes all elements existing outside the boundary of the organization that have the potential to affect the organization.

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Definitions:

Margin of Error

An expression of the range within which the true value of a statistic is expected to fall, based on sample observations.

Standard Error

A measure of how much sample means of a given data set are expected to vary, serving as a statistical indicator of precision.

Margin of Error

A measure of the range of values below and above the sample statistic in a confidence interval; it quantifies uncertainty in estimates.

Standard Error

A measure of the variability or dispersion of a sample statistic from the population parameter.