Departments 4. Value-Adding Activities

question 91

Multiple Choice

Departments 4. Value-adding activities

• A) 1 and 3
• B) 2 and 4
• C) 1 and 4
• D) 1 and 2

Distinguish between correlational and causal research, using the Nurses' Health Study as an example.

Know the principles of sample size determination for research, specifically power analysis.

Identify assumptions underlying common logical fallacies such as the False Dilemma and Gambler's Fallacy.

Understand the importance of data collection methods in research evaluation.

---

Definitions:

New Venture

Refers to a new business enterprise or startup that is typically characterized by high risk and potential for growth.

Replacement

Refers to the process of substituting an old asset with a new one to maintain or improve operational efficiency.

Payback Period

A capital budgeting technique that rates projects according to the speed with which they return invested money.

Cumulative Profits

The total amount of profit a company has earned over a specific period, adding together all net profits and losses to date.