Business Study guides, Class notes & Summaries
Looking for the best study guides, study notes and summaries about Business? On this page you'll find 83 study documents about Business.
Popular textbooks 'Business' · Show all (15) Hide
Introduction to Business Management
Badenhorst-Weiss Badenhorst-Weiss, Tersia Botha, Michael Cant, Johanna Adolphina Badenhorst, Mari Jansen van Rensburg, Louis Krüger, Watson Ladzani, Richardo Machado, Johan Marx, Raphael Mpofu, Rigard Steenkamp, Peet venter, Mari Vrba
73 documents
The Law of Business Structures
Farouk Cassim, Maleka Femida Cassim, Rehana Cassim, Richard Dennis Jooste, Joanne Shev, Jacqueline Yeats
41 documents
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Chapter 6 Organizing the Business
- Exam (elaborations) • 33 pages • 2020
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Copyright © 2017 Pearson Education, Inc.
Business Essentials, 11e (Ebert/Griffin)
Chapter 6 Organizing the Business
1) Which term refers to the specification of jobs to be done within an organization and the ways
in which those jobs relate to one another?
A) Delegation
B) A mission statement
C) Job specialization
D) Role responsibility
E) Organizational structure


Difficulty: Easy
AACSB: Application of knowledge
Objective: 6.1: Discuss the factors that influence a firm's organizational stru...
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Chapter 13: Business Analytics_ Data Analysis _ Decision Making 5th Edition Albright
- Exam (elaborations) • 32 pages • 2020
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1. The set of all values of the changing cells that satisfy all constraints, not including the nonnegativity constraints, is
called the feasible region.
a. True
b. False

2. Linear programming is a subset of a larger class of models called:
a. mathematical programming models
b. mathematical optimality models
c. linear regression models
d. linear simplex model

3. In using Excel to solve linear programming problems, the target cell represents the:
a. value of the objective function
b. constraints...
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Chapter 10: Business Analytics_ Data Analysis _ Decision Making 5th Edition Albright
- Exam (elaborations) • 33 pages • 2020
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1. Data collected from approximately the same period of time from a cross-section of a population are called:
a. time series data
b. linear data
c. cross-sectional data
d. historical data

2. Regression analysis asks:
a. if there are differences between distinct populations
b. if the sample is representative of the population
c. how a single variable depends on other relevant variables
d. how several variables depend on each other

3. In regression analysis, the variables used to help explain or...
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Chapter: 11 Business Analytics_ Data Analysis _ Decision Making 5th Edition Albright
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1. Which of the following is not one of the assumptions of regression?
a. There is a population regression line
b. The response variable is normally distributed
c. The standard deviation of the response variable increases as the explanatory variables increase
d. The errors are probabilistically independent

2. The error term represents the vertical distance from any point to the
a. estimated regression line
b. population regression line
c. value of the Y’s
d. mean value of the X’s

3. Which ...
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Chapter 8: Business Analytics_ Data Analysis _ Decision Making 5th Edition Albright
- Exam (elaborations) • 27 pages • 2020
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1. The chi-square and F-distributions are used primarily to make inferences about population ___________.
a. means
b. variances
c. medians
d. modes
e. proportions

2. When we replace with the sample standard deviation (s), we introduce a new source of variability and the sampling
distribution becomes the:
a. t -distribution b. F- distribution
c. chi-square distribution d. normal distribution

3. The t-distribution for developing a confidence interval for a mean has degrees of freedom.
a. n 2
b...
Too much month left at the end of the money?
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Chapter 12: Business Analytics_ Data Analysis _ Decision Making 5th Edition Albright
- Exam (elaborations) • 35 pages • 2020
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1. Forecasting models can be divided into three groups. They are:
a. time series, optimization, and simulation methods
b. judgmental, extrapolation, and econometric methods
c. judgmental, random, and linear methods
d. linear, non-linear, and extrapolation methods

2. Extrapolation methods attempt to:
a. use non-quantitative methods to predict future values
b. search for patterns in the data and then use those to predict future values
c. find variables that are correlated with the data being pred...
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Chapter 15: Business Analytics_ Data Analysis _ Decision Making 5th Edition Albright
- Exam (elaborations) • 31 pages • 2020
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1. The three parameters required to specify a triangular distribution are the minimum, mean and maximum.
a. True
b. False

2. The binomial distribution is a discrete distribution that is applied to situations where n independent and
identical “trials” occur, with each trial resulting in a “success” or “failure,” and we want to generate the
random number of successes in the n trials.
a. True
b. False

3. The binomial distribution can be well approximated by the normal distribution whe...
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Chapter 6: Business Analytics_ Data Analysis _ Decision Making 5th Edition Albright
- Exam (elaborations) • 46 pages • 2020
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1. Which of the following is true with regard to a good decision?
a. It ensures that good outcomes will be obtained
b. It accounts for unlucky outcomes
c. It should be independent of the sequencing of uncertainties and decisions
d. It should incorporate all information about uncertainties and alternatives
e. All of these options

2. All problems related to decision making under uncertainty have three common elements:
a. the mean, median, and mode
b. the set of decisions, the cost of each decisio...
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Chapter 9: Business Analytics_ Data Analysis _ Decision Making 5th Edition Albright
- Exam (elaborations) • 34 pages • 2020
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1. The null hypothesis usually represents the:
a. theory the researcher would like to prove. b. preconceived ideas of the researcher
c. perceptions of the sample population d. status quo

2. In statistical analysis, the burden of proof lies traditionally with the:
a. alternative hypothesis b. null hypothesis
c. analyst d. facts presented to the statistical analyst

3. The hypothesis that an analyst is trying to prove is called the:
a. elective hypothesis b. alternative hypothesis
c. optional hyp...
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Chapter 5: Managing the business
- Exam (elaborations) • 32 pages • 2020
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Copyright © 2017 Pearson Education, Inc.
Business Essentials, 11e (Ebert/Griffin)
Chapter 5 Managing the Business
1) Which business constituents analyze their competitive environments and plan, organize,
direct, and control the operations of their organizations?
A) Stockholders
B) Managers
C) Regulators
D) Agents
E) Customers

AACSB: Application of knowledge
Objective: 5.1: Describe the nature of management and identify the four basic functions that
constitute the management process.
2) Which...
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