Management 3013 Chapters 14

certainty – the situation in which all information the decision maker needs is fully available
sequence patterns – database elements occur together in a significant pattern when one of the elements precedes the other
Free Exam Question #2 – 2. A key lesson about history mentioned in class and suggested by the Quinn Competing Values framework is that:

a. History never repeats itself

b. Ideas from historical thinkers are still helpful today

c. We have made so much progress that studying history is irrelevant

d. Perspectives o management have grown from "immature" to "mature" over the years

e. Nothing beats a good cheeseburger

**ANSWER: B (ideas from historical thinkers are still helpful today)

quality management – focuses on customer service
Conscientiousness – how dependable, responsible, achievement-oriented, and persistent a good job is an accountant, police. Correlated to most success in all jobs
Growth Stage – The stage at the beginning if the business cycle that is marked by high investment activity
An hypothesis test is performed with H0: µ=600 and Ha: µ≠ 600 using a 95% confidence.  The x1 and x2 values that define the upper and lower bounds of the test are identified in the figure.  The actual process has shifted to a mean of 610. The sample size is 40 and s=20.  What is the probability, beta, that the shift will not be detected with a single sample?
to conduct sth – проводить что-либо (исследование)
Efficient – Using resources wisely and in a cost-effective way.
An hypоthesis test is perfоrmed with H0: µ=600 аnd Hа: µ≠ 600 using а 95% cоnfidence.  The x1 and x2 values that define the upper and lower bounds of the test are identified in the figure.  The actual process has shifted to a mean of 610. The sample size is 40 and s=20.  What is the probability, beta, that the shift will not be detected with a single sample?
Virtual Team – – Teams that are physically dispersed and communicate electronically more than face-to-face.
Forward Vertical Integration – (Up)(Distribution) Business acquires its distributors.
Ex. Pepsi buying grocery stores or vending machines.
Polygraph Tests – Tests that record physical changes in the body as the test subject answers a series of questions.

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