One Difference Between CPM and EFE Is That

question 63

Multiple Choice

One difference between CPM and EFE is that

• A) CPM includes both internal and external issues.
• B) the weights and total weighted scores have different meanings.
• C) CPM ratings range from 1 to 10.
• D) CPM is performed only for the company, whereas EFE is performed for both the company and its competitors.
• E) CPM is only used in small firms.

---

Definitions:

Level of Significance

A criterion for judging the strength of evidence provided by the data against the null hypothesis, often denoted by alpha.

Significance Level

The probability of rejecting the null hypothesis in a statistical test when it is actually true, used to assess the evidence against the null hypothesis.

Type I Error

The error that occurs in hypothesis testing when a true null hypothesis is incorrectly rejected, often referred to as a "false positive."

Population Means

The average of all measurements, values, or quantities in a complete population.