The Document That Assists an Entrepreneur and the Management Team

question 68

Multiple Choice

The document that assists an entrepreneur and the management team in focusing on important issues and activities is:

• A)the organisation chart.
• B)the budget.
• C)the sales analysis.
• D)the business plan.

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Definitions:

Significant Contribution

An important or valuable addition or impact that significantly affects an outcome or process.

Stepwise Regression Technique

A method of fitting a regression model by adding or removing predictors based on a specified criterion.

Backward Selection

A stepwise regression method that starts with a full model and iteratively removes the least significant variables to optimize model performance.

Independent Variable

A variable in an experiment or mathematical model that is manipulated or changed to observe its effect on the dependent variable.