Effective Causal Reasoning

question 5

Multiple Choice

Effective causal reasoning

• A)identifies and rules out potential causes, in order to arrive at the most probable causes.
• B)looks for no more than two possible causes for each result.
• C)depends entirely on detailed accurate data that can suggest possible causes.
• D)invents causes when none are readily apparent.

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Definitions:

Strategic Management

The ongoing planning, monitoring, analysis, and assessment of all that is necessary for an organization to meet its goals and objectives, focusing on long-term strategic direction.

Specific

Clearly defined or identified; precise or exact.

Profitability Gap

The difference between the actual profitability of a business and its potential profitability under optimal conditions.

Investment Intensity

Indicates the level of capital required to generate revenue within a business or industry, reflecting the nature of assets and resources needed.