What Major External Business Force Has Changed the Way and the Speed

question 107

Multiple Choice

What major external business force has changed the way and the speed at which an organization conducts and transacts business?

• A)Society
• B)Economy
• C)Government
• D)Technology
• E)Customers

---

Definitions:

Explanatory Variables

Factors in a statistical model employed to account for changes in the outcome variable.

Multicollinearity

A statistical phenomenon in which two or more predictor variables in a multiple regression model are highly correlated, potentially distorting the results of the model.

Variables

Elements, characteristics, or features that can assume different values in a study or experiment, influencing the outcomes being measured.

Multiple Regression Analysis

A statistical process that involves using a range of explanatory variables to predict the behavior of a dependent variable.