Businesspeople Often Use Their Sense of What Is Happening to Reach

question 11

True/False

Businesspeople often use their sense of what is happening to reach decisions that might be better made if someone had kept a record of what had taken place already.In other words,empirical analysis can be helpful.

---

Definitions:

Data Analysis

The process of systematically applying statistical and logical techniques to describe, illustrate, and evaluate data.

Research Ethics Board (REB)

A committee tasked with reviewing proposed research to ensure that it is conducted ethically, with respect to protecting the rights and well-being of participants.

Informed Consent

Informed consent is the process by which a healthcare provider educates a patient about the risks, benefits, and alternatives of a proposed procedure or treatment before the patient agrees to it.

Confidentiality

The ethical and legal duty to protect private information from unauthorized disclosure.