A Management Professor Was Teaching a Course in Business Leadership

question 10

Multiple Choice

A management professor was teaching a course in business leadership as part of an executive MBA program. She divided her class of 10 executives into two equal sized groups and used a different approach (case study and online interactive) to teach about various leadership styles. To compare the effectiveness of the two approaches, the appropriate nonparametric procedure is the

• A) Kruskal-Wallis test.
• B) Spearman's rho test.
• C) Wilcoxon signed-rank test.
• D) Wilcoxon rank-sum test.
• E) Friedman test.

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Definitions:

Own Capital

Refers to the funds or resources that a business owner personally invests in their enterprise, as opposed to borrowed capital.

Fixed Factor

An input to the production process that cannot be easily increased or decreased in the short term.

Industry Entry

Refers to the process by which new competitors join an existing market, often affecting competition and market dynamics.

Economic Costs

The total cost of choosing one action over another, including both explicit costs (direct payment) and implicit costs (opportunity costs).