You Should Become More Evidence-Based in Your Thinking

question 49

Multiple Choice

You should become more evidence-based in your thinking. Something you should not do in this regard is learn how to

• A)evaluate evidence to make decisions.
• B)use evidence to make decisions.
• C)use management frameworks.
• D)identify confounding variables.
• E)overcome the knowing-doing gap in management development.

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Definitions:

Cost Structure

The composition of a company's costs, including the proportion of fixed versus variable costs incurred in its operations.

Break-Even Occupancy Rate

The occupancy level at which a hotel or rental property's operating income equals its operating expenses.

Room Nights

A measure in the hospitality industry representing the number of rooms booked multiplied by the number of nights each room is reserved.

Variable Costs

Costs that change in direct proportion to changes in the level of production or sales volume.