A Management Guideline That Advises Managers to Commit Funds for Planning

question 75

Multiple Choice

A management guideline that advises managers to commit funds for planning only if in the foreseeable future they can anticipate a return on planning expenses as a result of the long-range planning analysis is termed ________.

• A)strategic planning
• B)the commitment principle
• C)organizational planning
• D)tactical planning
• E)the principle of the objective

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Definitions:

True Null Hypothesis

The assumption or premise that there is no effect, difference, or relationship between the variables being studied, which might be rejected or not rejected based on statistical analysis.

Rejecting

In statistical hypothesis testing, the act of concluding that the null hypothesis is unlikely given the data, often signaled by a test statistic that falls outside a specified significance level.

Type II Error

The error that occurs when a false null hypothesis is not rejected.

False Null Hypothesis

Indicates a situation where the null hypothesis is incorrectly rejected when it is in fact true.