In Business, Statistics Might Be Used for Which of the Following

question 77

Multiple Choice

In business, statistics might be used for which of the following:

• A) to budget for future spending and expenses
• B) to help improve or increase sales
• C) all are appropriate uses of statistics in business
• D) to gather information about customers

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Definitions:

Organisational Goals

Objectives set by an organization that guide its operations, strategy, and decision-making processes.

Employee Incentive Scheme

A program designed to motivate employees by providing rewards or benefits based on performance or achievement.

Performance Targets

Specific goals set for individuals or teams to measure and evaluate their efficiency and effectiveness.

Intrinsic Motivation

The drive to do something because it is inherently interesting or enjoyable, without needing external reward or recognition.