An Estimation Technique Characterized by Picking Numbers Out of the Air

question 36

Multiple Choice

An estimation technique characterized by picking numbers out of the air or "ballparking".

• A) Guesstimating
• B) Delphi Technique
• C) Time Boxing
• D) Top-Down Estimating
• E) Bottom-Up Estimating

Describe the conditions and challenges faced by people living in underdeveloped or developing areas.

Understand the principles and effects of McDonaldization on global culture and economy.

Differentiate between semiperipheral and peripheral countries based on various factors.

Analyze the historical shifts in the distribution of world income.

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Definitions:

Golden Mean

A concept from Aristotelian ethics that represents the desirable middle between two extremes, one of excess and the other of deficiency.

Rightly

In a manner or to an extent that is justified, appropriate, or correct.

Morally Right

Actions or behaviors that are consistent with ethical principles and are considered justifiable and good.

Final Goal

The ultimate objective or ambition that an individual, group, or organization is striving to achieve.