Which of the Following Is a True Statement About Business

question 140

Multiple Choice

Which of the following is a true statement about business planning?

• A)Business planning involves taking action before developing objectives.
• B)Business planning is an ongoing process.
• C)Business planning is concerned with the long term but not the short term.
• D)Business planning is concerned with the short term but not the long term.
• E)Business planning takes place after development of the marketing plan.

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Definitions:

Critical Value

A point on a statistical distribution that represents a threshold beyond which a given hypothesis is rejected.

P-value

The probability of obtaining the observed results of a test, assuming the null hypothesis is true.

Sample Sizes

The number of observations or datapoints used in a sample for the purpose of statistical analysis.