Refer to the Scenario Below to Answer the Following Questions

question 123

Multiple Choice

Refer to the scenario below to answer the following questions.
New Ideas Inc. (Scenario)
Though New Ideas Inc. has been in business for 30 years, the company and its employees have seemingly been in a constant state of change. Paul Gill has been president of New Ideas for the last 15 years. During this time, he has had to change the strategic focus of the company three times. The employees have become vocal recently about the decrease in their bonus cheques and are wanting to increased profits. It seems as though his competition is always introducing new products into the market, and the niches Gill thought New Ideas held leadership in are always changing. Recently the government has been active in passing new legislation to increase the control of the product packaging and product contents. The technology used to manufacture the products is constantly improving with the use of robotics to make the process more efficient.
-The change in strategic focus of the company is a(n) __________ force for change.

• A) external
• B) internal
• C) marketplace
• D) economic force of change
• E) technological

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Definitions:

Type I Error

The mistaken dismissal of an accurate null hypothesis, frequently referred to as a false positive.

Effect Size

A quantitative measure of the strength of a phenomenon, used to indicate the magnitude of a difference or relationship within the context of a statistical analysis.

T-Tests

Statistical tests used to compare the means of two groups to see if there is a significant difference between them.

Type I Error

A Type I Error occurs when a true null hypothesis is incorrectly rejected, also known as a "false positive."