Top Management of a Large Multinational Corporation Wants to Create

question 14

Multiple Choice

Top management of a large multinational corporation wants to create a culture of innovativeness and change.A consultant hired to assess the company's organizational
Culture finds that only 15% of employees are open to new ideas and approaches toward
Their work.Consequently the company conducts a program for employees in order to
Reinforce the new corporate philosophy.After the program is completed, employees are
Surveyed to see if a greater percentage is now open to innovativeness and change.
Suppose that based on the sample results the company rejects the null hypothesis when in
Fact it is true.Which of the following statements is correct?

• A)This is known as a Type II error.
• B)This is known as a fatal error.
• C)This led to the conclusion that the percentage of employees open to new ideas did not
• D)This led to the conclusion that the percentage of employees open to new ideas did
• E)This led to a P-value that was greater than the level of significance.

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Definitions:

Interest Portion

This term represents the part of a payment or financial obligation that covers the interest on a debt, distinct from the principal repayment.

Carrying Amount

The book value of an asset or liability in a company's financial statements, based on its original cost adjusted for factors such as depreciation or amortization.

Contingent Liability

A potential financial obligation that may arise in the future, dependent on the outcome of a specific event or set of circumstances.

Probable

A term signifying a high likelihood or certainty that a future event will occur.