In Which Step of the Performance-Evaluation Model Do Managers Perceive

question 56

Multiple Choice

In which step of the performance-evaluation model do managers perceive how peers judge post-performance decisions?

• A)Step 1: Identify the Problem and Uncertainties.
• B)Step 2: Obtain Information.
• C)Step 3: Make Predictions about the Future.
• D)Step 4: Make Decisions by Choosing Among Alternatives.
• E)Step 5: Implement the Decision,Evaluate Performance,and Learn.

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Definitions:

Statistic

A single measure, calculated from sample data, used to summarize a characteristic of the sample.

Parameter

A characteristic or measure that can define or summarize a particular aspect of a statistical population or model.

Estimation

The process of finding an approximate value of some parameter—such as a mean or proportion—of a population, based on random sample data.

Population Parameters

Numeric values that summarize and describe characteristics of an entire population, such as mean, variance, or proportion.