When Making a Decision Regarding the Extent of Planning,an Entrepreneur

question 2

Multiple Choice

When making a decision regarding the extent of planning,an entrepreneur should consider the

• A)preferences of employees.
• B)complexity of the environment.
• C)level of uncertainty of the venture.
• D)competitiveness of the product.

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Definitions:

Standard Deviation

A measure of the dispersion or spread of a set of values, calculated as the square root of the variance, indicating how much the values deviate from the mean.

Standard Deviation

An assessment of how much the values in a group differ or spread out.

Variance

A metric indicating how spread out a group of numbers is, determined by the mean of the squared deviations from the average.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values, indicating how much the values in the dataset deviate from the mean.