Why Does Accuracy Have Two Components

question 51

Multiple Choice

Why does accuracy have two components?

• A) Because of ruggedness and robustness
• B) Because of normal random error
• C) Because the difference between two values depends on the difference between the mean value and the normal expected variation of both values
• D) Just to make my life more difficult
• E) none of the above

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Definitions:

Planning (P)

The process of setting objectives, developing strategies, and outlining tasks and schedules to achieve the goals.

Implementation (I)

The process of putting a decision or plan into effect; the action that must follow any preliminary thinking in order for something to actually happen.

Control (C)

In management and accounting, this refers to the systems and processes that are used to monitor and manage an organization's financial resources and operations.

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An organization that promotes organizational excellence and healthy workplace cultures through standards and certifications in Canada.