Creating Slack Resources Basically Means That

question 141

Multiple Choice

Creating slack resources basically means that

• A)a manager limits the availability of resources to some units.
• B)each unit is provided with the minimal resources it needs.
• C)more resources are made available to each unit in case they need them "in a pinch".
• D)each unit is differentiated by functional specialty.
• E)time,money and other resources are tightly budgeted.

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Definitions:

Type I Error

A Type I error occurs in hypothesis testing when a true null hypothesis is incorrectly rejected, falsely indicating a significant effect or difference when there is none.

Significance Level

The probability of rejecting the null hypothesis in a statistical test when it is actually true, typically denoted as alpha.

P < .01

Indicates that the probability of the observed data occurring by chance is less than 1%, suggesting strong evidence against the null hypothesis.

P < .05

"P < .05" indicates that the probability of the observed data (or something more extreme) given that the null hypothesis is true is less than 5%, commonly used as a threshold for statistical significance.