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What is the role of measures of central tendency in data analysis?

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Important Questions on Use of Statistical Tools

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Economics>Statistics in Economics>Use of Statistical Tools>Method of Developing a Project
What is the law of variable proportions?
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Economics>Statistics in Economics>Use of Statistical Tools>Method of Developing a Project
Ms. Jayshree recently completed her Post Graduate Diploma in Human Resource Management and was appointed as the human resource manager of a large steel manufacturing company planning to expand by hiring 200 additional employees. She has been given complete charge of the company’s Human Resource Department. What steps should Ms. Jayshree take to perform her job efficiently?
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Economics>Statistics in Economics>Use of Statistical Tools>Method of Developing a Project
What does it mean to issue debentures at a discount and redeemable at a premium?
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Economics>Statistics in Economics>Use of Statistical Tools>Method of Developing a Project
Distinguish between training and development.
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Economics>Statistics in Economics>Use of Statistical Tools>Method of Developing a Project
What is the law of diminishing marginal product?
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Economics>Statistics in Economics>Use of Statistical Tools>Method of Developing a Project
What is the marginal product of an input?
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Economics>Statistics in Economics>Use of Statistical Tools>Method of Developing a Project
Which management concept ensures that each employee has only one direct supervisor?
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Economics>Statistics in Economics>Use of Statistical Tools>Method of Developing a Project
What is the meaning of ‘Debentures issued as a collateral security’?
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Economics>Statistics in Economics>Use of Statistical Tools>Method of Developing a Project
What is informal communication?
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Economics>Statistics in Economics>Use of Statistical Tools>Method of Developing a Project
Which function of management helps in building interpersonal relationships within the organization?
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Economics>Statistics in Economics>Use of Statistical Tools>Method of Developing a Project
Explain the concepts of the short run and the long run.
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Economics>Statistics in Economics>Use of Statistical Tools>Method of Developing a Project
Which style of leadership does not believe in use of power unless it is absolutely essential?
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Economics>Statistics in Economics>Use of Statistical Tools>Method of Developing a Project
Consider the demand curve D(p) = 10 – 3p. What is the elasticity at price 5/3?
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Economics>Statistics in Economics>Use of Statistical Tools>Method of Developing a Project
Suppose the price elasticity of demand for a good is –0.2. If there is a 5 % increase in the price of the good, by what percentage will the demand for the good go down?
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Economics>Statistics in Economics>Use of Statistical Tools>Method of Developing a Project
What does ‘Issue of debentures for consideration other than cash’ mean?
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Economics>Statistics in Economics>Use of Statistical Tools>Method of Developing a Project
Explain the significance of Taylor's Scientific Management.
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Economics>Statistics in Economics>Use of Statistical Tools>Method of Developing a Project
What does a bearer debenture mean?
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Economics>Statistics in Economics>Use of Statistical Tools>Method of Developing a Project
What is meant by a debenture?
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Economics>Statistics in Economics>Use of Statistical Tools>Method of Developing a Project
State the meaning of principles of management.
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Economics>Statistics in Economics>Use of Statistical Tools>Method of Developing a Project
Which of the following is an example of a financial objective of management?