What Is the Definition of a Testable Strategy

question 5

Multiple Choice

What is the definition of a testable strategy?

• A) a set of linked objectives aimed at an overall goal
• B) a strategic management system that defines a strategic-based responsibility accounting system
• C) a means of specifying objectives, measures, targets, and initiatives for each perspective of the Balanced Scorecard
• D) a means of providing managers with information about the effectiveness of strategy implementation and the validity of the assumptions underlying the strategy

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Definitions:

Poisson Distribution

A probability distribution that expresses the likelihood of a given number of events occurring in a fixed interval of time or space.

Normal Distribution

A type of continuous probability distribution for a real-valued random variable, characterized by a symmetric bell-shaped curve.

Binomial Distribution

A probability distribution that summarizes the likelihood that a variable will take one of two independent values under a given set of parameters.

Random Variable

A random variable is a variable whose possible values are numerical outcomes of a random phenomenon.