Answer:
The answer is option C) Many writers have stated that for strategic objectives to be effective, they should be measurable - to track progress
Explanation:
Many writers have emphasized the need to make SMART strategies.
In other words, there’s a need for specific, measurable, achievable, realistic and timely.
Therefore, developing a prioritization of projects to ensure the high priority ones have the proper resourcing to ensure success requires a high involvement and commitment to track progress.
The high level of involvement of employees ensures that they understand the strategic plan. It increases their level of commitment to ensure the strategy is successfully executed because they understand how their work and the work they’re completing on the project helps the organization to realize some or all of one of their key strategies.
Alpha level is a probability value that is used to define the concept of "very unlikely" in a hypothesis. This value determines he boundaries for the critical region, which is composed of the extreme sample values that are very unlikely to be obtained if the null hypothesis is true. Type I error is <span>when a researcher rejects a true null hypothesis.</span>
The relationship between the alpha level, the size of the critical region, and the risk of a type i error is the following: when the alpha level increases, the critical region increases and type I error increases.
The answer is a manager should search diligently for ways the strategy can be improved
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Explanation:
Answer:
Deflation; 10%
8; 9 basket of goods
rises
Explanation:
Given that,
Price of a basket of goods in year 1 = $10
Price of the same basket in year 2 = $9
There is a fall in the price level from year 1 to year 2, hence, this is known as the deflation in an economy.
Deflation rate:
= [(Price of a basket of goods in year 1 - Price of the same basket in year 2) ÷ Price of a basket of goods in year 1] × 100
= [($10 - $9) ÷ $10] × 100
= 10%
In year 1,
$80.00 will buy:
= $80 ÷ Price of a basket of goods in year 1
= $80 ÷ $10
= 8 baskets of goods
In year 2,
$80.00 will buy:
= $80 ÷ Price of a basket of goods in year 2
= $80 ÷ $9
= 8.9 or 9 baskets of goods
Therefore, this example indicates that as the price of the goods falls then as a result the value of money rises because with the lower price level, a person can purchase more quantity of goods.
