A Company Is Researching the Effectiveness of a New Web

question 111

Multiple Choice

A company is researching the effectiveness of a new web site design to decrease the time to access a website. Five web site users were randomly selected and their times (in seconds) to access the web site with the old and new designs were recorded. The results follow. For a 0.01 significance level, what is the decision regarding the hypothesis that the training was effective in improving customer relationships?

• A) Reject the null hypothesis and conclude that the new design reduced mean access times.
• B) Reject the null hypothesis and conclude that the new design did not reduce mean access times.
• C) Fail to reject the null hypothesis and conclude that mean access times did not decrease.
• D) Fail to reject the null hypothesis and conclude that the mean access times are inaccurate.

Understand the Global Reporting Initiative, its goals, and its importance for sustainable business practices.

Comprehend the benefits and risks associated with ethics auditing.

Identify the importance of independent verification in the ethics audit process for adding credibility and objectivity.

Recognize the role of organizational culture in preventing retaliation against employees who report misconduct.

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Definitions:

Inflation

The surge in the overall pricing structure for goods and services, undermining the efficiency of spending.

Goods and Services

The outputs produced by the economy, where goods are tangible objects and services are intangible offerings that satisfy consumer needs or wants.

Real GDP

The measure of a country's economic output adjusted for price changes (inflation or deflation), reflecting the true value of goods and services produced over a specific period.

GDP

Gross Domestic Product, the total monetary value of all goods and services produced within a country's borders in a specific time period, used as a broad measure of economic activity.