Managers Should Apply Two Principles to Obtain Accurate and Useful

question 133

Multiple Choice

Managers should apply two principles to obtain accurate and useful cost functions. These principles are:

• A) plausibility and believability
• B) believability and validity
• C) reliability and validity
• D) plausibility and reliability

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Definitions:

Authorities

Persons or organizations that possess legal or societal power and control, often responsible for making decisions and enforcing rules.

Crowd Crystals

A metaphorical term describing the nucleus around which larger groups form, often based on shared interests or goals.

Queue

A line or sequence of people or vehicles awaiting their turn to access services or proceed.

Structure

The arrangement or organization of constituent parts; in social sciences, it may refer to the arrangement of and relationships between different aspects of society or an organization.