Which of the Following Is Not a Characteristic of World-Class

question 122

Multiple Choice

Which of the following is not a characteristic of world-class companies?

• A)They focus on creating low-value products.
• B)They earn superior profits over the long run.
• C)They replace methods and systems that impede their progress.
• D)They can help serve societal purposes.
• E)They apply new organizational strategies and management to become more effective.

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Definitions:

Null Hypothesis

A default hypothesis that there is no significant difference or relationship between specified populations or variables, used in statistical testing.

ANOVA

Stands for Analysis of Variance, a statistical method used to compare means of three or more samples to understand if at least one of the sample means differs significantly from the others.

Mean Square

A statistical measure used in variance analysis, computed by dividing the sum of squares by the degrees of freedom.

Error

The difference between the observed value and the true value of a parameter in data, indicative of the degree of inaccuracy or deviation.