According to the Empirical Rule, If the Data Form a "Bell-Shaped

question 5

Multiple Choice

According to the empirical rule, if the data form a "bell-shaped" normal distribution, _______
Percent of the observations will be contained within 2 standard deviations around the arithmetic
Mean.

• A) 68.26
• B) 88.89
• C) 93.75
• D) 95.44

Grasp the notion and impact of cognitive or psychological biases in decision making within the BSC framework.

Define sustainability as per the Dow Jones Sustainability Index and its significance.

Explain the function and relevance of a strategy map in implementing the BSC.

Differentiate between strategic objectives and strategic initiatives within the balanced scorecard framework.

---

Definitions:

Formal Operations

The final stage in Piaget's theory of cognitive development, characterized by the ability to think abstractly, reason logically, and manage problems systematically.

Cognitive Development

The process of growth and change in intellectual/mental abilities such as thinking, reasoning, and understanding over the lifespan.

Jean Piaget

A Swiss psychologist known for his pioneering work in child development, particularly his theory of cognitive development.

Cognitive Development

The study of how thinking, problem solving, and intelligence evolve as people grow from infancy through adulthood.