The One Factor That Is Not Relevant for Company Managers

question 73

Multiple Choice

The one factor that is not relevant for company managers to worry about when their company has many unrelated firms,especially when they are very diverse is to

• A) stay abreast of what's happening in each industry and subsidiary.
• B) pick business-unit heads having requisite combination of managerial skills and know-how to motivate people.
• C) understand the true value of strategic investment proposals by business-unit managers.
• D) know what to do if a business unit stumbles.
• E) rely on the skills and expertise of business-level managers to build competitive advantage.

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Definitions:

Central Tendency

A statistical measure that identifies a single value as representative of an entire distribution of data, aiming to define the center of the data set with measures such as mean, median, and mode.

Outliers

Observations in data that are significantly different from the majority of the data points, potentially indicating a measurement error or a novel finding.

Central Tendency

A numerical value that summarizes an entire data distribution by identifying a central point, like the average, midpoint, or most frequent value.

Skewed Distributions

This refers to probability distributions where the values are not symmetrically distributed around the mean, often leading to a longer tail on one side of the distribution.