Imagine That You Are About to Become the Manager of a Local

question 101

Multiple Choice

Imagine that you are about to become the manager of a local chain consisting of four upscale restaurants. To prepare for the position, you have been reviewing the 10 managerial tasks of successful strategy execution. What would NOT be among those tasks?

• A)managing the people, talents, and business processes of an operations-driven restaurant chain.
• B)directing organizational change and achieving continuous improvement in restaurant operations and business processes.
• C)creating and nurturing a strategy-supportive culture across all restaurant locations.
• D)developing and meeting, or exceeding performance targets consistently.
• E)focusing on how market conditions impact your restaurant chain's resources and capabilities.

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Definitions:

Hypergeometric Probability

A statistical measure that calculates the likelihood of obtaining a specific number of successes from a finite population without replacement.

Discrete Random Variable

A variable that takes on a countable number of distinct values, often resulting from counting processes.

With Replacement

In sampling, "with replacement" means that once an item is selected, it's put back into the population before the next selection, making it possible to be chosen again.

Sampling Without Replacement

A method of sampling where once an individual is selected, they are not placed back into the population for the possibility of a second selection.