Assessing Feasibility Will Employ Techniques That Allow Comparison of the Requirements

question 29

True/False

Assessing feasibility will employ techniques that allow comparison of the requirements of the strategy in terms of resources, competencies and systems and the extent to which the organisation already meets the requirements and the ease with which it can meet them in the future.

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Definitions:

Variance

A measure of the dispersion or spread of a set of values, calculated as the average of the squared differences from the mean.

Analysis of Variance

A statistical method used to compare means and variances between two or more groups to determine if there are significant differences.

Factorial ANOVA

A statistical test used to examine the effects of two or more independent variables on a dependent variable, including interaction effects between them.

Interaction

In statistics, the way in which two or more variables are related to each other and the effect they have on the outcome of interest.