Data Can Potentially Be Used as a Strategic Asset, Capable

question 84

Multiple Choice

Data can potentially be used as a strategic asset, capable of yielding sustainable competitive advantage. Which of the items below is not a characteristic of a potentially strategic asset?

• A) value
• B) rarity
• C) imperfect imitability
• D) lead time
• E) non-substitutability

Interpret the results of confidence interval estimates in context.

Differentiate between the effects of sample size and confidence level on the width of a confidence interval.

Apply confidence interval concepts to various fields such as business, healthcare, and environmental studies.

Use statistical software or manual calculations to compute confidence intervals.

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Definitions:

Psychological Research

The scientific study aimed at understanding human thoughts, behaviors, and emotions through systematic methods of observation, experimentation, and analysis.

Industrial/Organizational Psychologists

Psychologists who study and apply principles of psychology to the workplace to improve productivity, work life, and the mental health of employees.

Stress

A physical, chemical, or emotional factor that causes bodily or mental tension and may be a factor in disease causation.

Work Place

A location where people are employed and engage in work activities, often as part of an organization or business.