According to the Textbook, What Is the Reason Given Why

question 4

Multiple Choice

According to the textbook, what is the reason given why the majority of companies still use traditional and passive instructional techniques for management development, although they are the least effective?

• A) Because these techniques are cheaper than external ones.
• B) Because these techniques are fast and easy to use.
• C) Because these techniques are controlled by the company.
• D) Because these techniques are customized to the company.

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Definitions:

Monte Carlo

Monte Carlo methods are a broad class of computational algorithms that rely on repeated random sampling to obtain numerical results and estimate uncertain quantities.

Sample Space

The set of all possible outcomes of a statistical experiment.

Experiment

A scientific procedure undertaken to make a discovery, test a hypothesis, or demonstrate a known fact.

Simple Events

Events that consist of a single outcome or occurrence, making them one of the most basic types of probabilistic events.