A Manager Has the Task of Collecting and Analyzing Data

question 34

Multiple Choice

A manager has the task of collecting and analyzing data that will help the firm decide where to locate its international operations.Which of the following best describes how the manager should handle this task?

• A) conduct extensive research, regardless of the expense, in order to avoid costly mistakes
• B) compare the costs of data collection with the probable payoff for the firm in order to budget and schedule the collection
• C) continue data gathering until all data have been collected, regardless of how long this takes
• D) focus all data collection on governmental resources because they have the highest reliability

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Definitions:

Attachment

An emotional bond that forms between individuals, typically between a child and caregiver, which is crucial for personal development.

Erikson

Refers to Erik Erikson, a developmental psychologist known for his theory on the psychosocial development of human beings across eight stages.

Sense Of Trust

A feeling of confidence in the reliability and integrity of a person or thing, which is fundamental to healthy relationships and personal development.

First Year

The initial period of twelve months or the introductory stage of various endeavors or experiences, often marked by rapid learning and development.