A Technique That Helps Managers Summarize Relevant and Important Facts

question 85

Multiple Choice

A technique that helps managers summarize relevant and important facts from the internal and external analyses of an organization in order to formulate strategy is known as:

• A) BCG matrix.
• B) SWOT analysis.
• C) benchmarking.
• D) diversification.
• E) functional strategy.

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Definitions:

Test Statistic

In hypothesis testing, the test statistic is a standardized value derived from sample data, used to make a decision about the null hypothesis.

SPSS Output

The results generated by the Statistical Package for the Social Sciences, including statistical tests, tables, and graphs, after data analysis.

Test Statistic

A calculated value from sample data that is used in statistical testing to decide whether to reject the null hypothesis within the framework of a hypothesis test.

P-value

A statistical measure that indicates the probability of observing the test results, or something more extreme, if the null hypothesis is true.