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A Competitive Advantage Can Be Based on Any of Six

question 3

Multiple Choice

A competitive advantage can be based on any of six factors. Which factor below is not one of the six?

Differentiate between the characteristics of a sample (statistic) and a population (parameter).

Recognize and explain the effects of outliers on measures of central tendency.

Understand the implications of using median, mean, and mode for data analysis and hypothesis testing.

Calculate the product of numbers to the required decimal places and round the result accurately.

Definitions:

Theory X

McGregor’s traditional view of management whereby it is assumed that workers generally dislike work and must be forced to do their jobs.

Theory Y

McGregor’s humanistic view of management whereby it is assumed that workers like to work and that under proper conditions employees will seek out responsibility in an attempt to satisfy their social, esteem, and self-actualization needs.