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Describe the Virtual Organization

question 21

Essay

Describe the virtual organization. Explain how the virtual organization could theoretically prove to be a more formidable competitor than any of the other types of organization in a highly complex, dynamic business environment.


Definitions:

Null Hypothesis

A statistical hypothesis that assumes no significant difference or effect exists between certain characteristics or variables being studied.

Sample Mean

The average value of a set of observations taken from a sample, which is used to estimate the mean of the entire population.

Hypotheses

Hypotheses are proposed explanations made on the basis of limited evidence as a starting point for further investigation.

Rejection Region

The range of values for which the null hypothesis is considered unlikely and is rejected in a hypothesis test.

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