Why Might Managers Find the Use of the Statistical Method

question 9

Multiple Choice

Why might managers find the use of the Statistical Method useful?

• A) It allows them to compare their performance against competitors
• B) It is the best way to present complex data
• C) It helps organise facts into useful data that can be acted upon
• D) It shows that they understand how the business works

---

Definitions:

Bases Of Power

The foundational sources of authority or influence one person or group holds over another, categorized into different types like coercive, reward, legitimate, expert, and referent power.

Manufacturing Company

A business entity focused on the production of goods using raw materials and machinery, often involving significant human labor and possibly automation.

Distance

The measurement of space between two points or the extent to which individuals are emotionally or culturally apart.

Authority's Social Power

The influence and control exerted by an individual or group in a position of authority, affecting the behavior or opinions of others within a social structure.