The Key to Good Market Intelligence Is to _____ Data

question 66

Multiple Choice

The key to good market intelligence is to _____ data, which means to explore, compare, and contrast data from multiple sources before it can be validated.

• A)triangulate
• B)minimize
• C)gather
• D)collect
• E)assemble

Justify the use of NPV as the "best" decision rule in principle for project evaluation.

Understand the concepts and tools of quality management.

Identify different types of control charts and their application.

Recognize the importance and method of sorting issues through Pareto analysis.

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Definitions:

Concrete Operational

A stage of cognitive development in Piaget's theory, occurring roughly between the ages of 7 and 11, during which children gain a better understanding of mental operations and can think logically about concrete events.

Formal Operational

The stage in Piaget's theory of cognitive development during which people begin to think logically about abstract concepts and hypothetical situations.

Egocentrism

The inability to differentiate between self and others, often leading to viewing things exclusively from one's own perspective.

Sensorimotor

Pertaining to the combined processes of sensory input and motor response; often related to developmental stages in early childhood.