In the given case where Threadless allows customers to submit their own designs and to vote on which designs they would like to see printed on a T-shirt. This business uses a crowdsourcing technique.
Crowdsourcing is the process of gathering data, viewpoints, or creative output from a large number of individuals, typically online.
Through the use of crowdsourcing, businesses may access individuals with a variety of skills and viewpoints from around the world while also saving time and money.
Crowdfunding, in contrast to crowdsourcing, is used to raise money to help individuals, nonprofit organizations, or start-up businesses.
Cost reductions, speed, and the opportunity to collaborate with people who possess abilities that an internal team might lack are all benefits of crowdsourcing.
Hence, This business uses a crowdsourcing technique.
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What role does personal motivation play in improving time management?
Having the capacity for self-motivation is a crucial talent.
Self-motivation is what propels people to persist in the face of obstacles, seize chances, and demonstrate dedication to their goals. More information on this crucial component of emotional intelligence is provided on this page.
The administration and coordination of tasks to accomplish a goal is management. Setting the organization's strategy and organizing staff efforts to achieve these goals through the application of resources available are examples of such administration activities.
The handling, directing, or controlling of anything. Executive aptitude; management talent; excellent management. The person or people in charge of managing and directing a company, institution, etc. There is new management at the store.
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To analyze a multiple flow process using a single flow, we must define what constitutes a ______ flow unit.
To analyze a multiple flow process using a single flow, we must constitute a Good flow unit.
The three key performance indicators for business processes are flow rate/throughput, inventory, and lead time. In the definitions below, the term "flow unit" is often used. A flow unit is the basic unit of analysis in any scenario (customer, sandwich, phone call, etc.).
Flow Rate / Throughput: The number of flow units (customers, money, goods/services produced, etc.) that go through the business process per unit of time. B. Customers served per hour or parts produced per minute. Flow rate is usually the average velocity.
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Data that has been collected for some other purpose than to answer the question at hand is called?
Data that has been collected for some other purpose than to answer the question at hand is called secondary data.
Secondary data is data collected for research that has been gathered previously and can be accessed by researchers.
The term also contrasts with primary data means the data which is data collected directly from its source.
Secondary data is always used to increase the sampling size of research studies.
Secondary data is also chosen for its efficiency and the speed that comes with using an already existing resource.
Secondary data helps in large research projects, in which different research groups work in teams to collect secondary data. The main researcher is then focuses on primary research or particular areas of interest.
Common sources of secondary data includes data collected by government public services departments, different libraries, websites over the internet and censuses.
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What advantage did the soviet union have in directing resources toward a total war economy?
It is advantageous when it comes to mobilizing resources and industrial workers for the war. Most countries struggled to adapt to a full war economy, but Russia's command economy was already so close to this concept that it was easier to require citizens and businesses to participate in the war.
Increased military spending during conflict creates employment, and additional economic activity and contributes to the development of new technologies that can penetrate other industries. These are some of the well-discussed positive benefits of increased government spending on military spending.
All-out wars like World War I and World War II mobilize all the resources of society (industry, finance, labor, etc.) to fight the war. It also extends the purpose of the war to include all civilian resources and infrastructure.
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When pitch was considering bringing the king back or not, it likely considered the communication model. Product awareness of the king would fall into the ________ stage of the communication model
When the pitch was considering bringing the king back or not, it likely considered the communication model. Product awareness of the king would fall into the B.message stage of the communication model.
Watching the news on the tv is the best instance of Berlo's S-M-C-R version of the conversation. The news presenter is the supply of the information and he or she conveys the message to the audience. The information is the message, the television — the channel, and the target audience are the receivers of the message.
A few of the models of verbal exchange are the transactional method, in which moves show up concurrently, and the constructivist version, which makes a specialty of shared meaning.
In the simple verbal exchange model, the sender encodes the message and transmits the message via communication channels like verbal (face-to-face, over the phone, video calls) and nonverbal (newspapers, letters) for sending the message.
The question is incomplete. Please read below to find the missing content.
When Pitch was considering bringing The King back or not, it likely considered the communication model. Product awareness of The King would fall into the _________ stage of the communication model.
A.source
B.message
C.medium
D.feedback
E.receiver
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The experience curve concept :__________
a) is most important for specialized or customized production. b) is a result of a combination of learning effects and economies of scale. c) suggests that unit manufacturing costs decline by a certain amount each time output is doubled. d) suggests that achieving low costs allows a firm to charge a premium price. e) is a result of a combination of learning effects and economies of scale and suggests that unit manufacturing costs decline by a certain amount each time output is doubled.
Answer (b)
The experience curve concept is a result of a combination of learning effects and economies of scale.
An experience curve basically is a relation between production quantity and the cost of production incurred. The more a company is manufacturing experienced the less the cost incurred of production.
And every single time various economies of scale takes place the firm starts taking steps towards it in the beginning of the process and a low of the cost can be done each time the production doubles.
It is a result of a combination of learning effects and economies of scale and suggests that unit manufacturing costs. Experience cost curves are basically the cost assumption curves done to synthesize and cut firms production cost.
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Susan owns and profits from her own business. she is a part of a capitalist class, which is also referred to as a:________
The fact that Susan owns her business and also makes profits from it means that she is from the capitalist class called the Bourgeoisie.
What is the Bourgeoisie?This is an economic class that is used in capitalistic systems like those operated by most of the world. The Bourgeoisie are owners of the means of production.
This means that they own companies and are able to get profits from these companies which are higher than the salaries they pay thereby making them quite rich.
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When marina purchased several bottles of coke beverages and snacks to bring to her family’s holiday celebration, it represented the purchase of:.
When marina purchased several bottles of coke beverages and snacks to bring to her family’s holiday celebration, it represented the purchase of: consumer products
This is further explained below.
What are consumer products?Generally, Consumer goods, often known as final goods, are items that are purchased by people or families for their own consumption.
In conclusion, While shopping for drinks and food to bring to her family's Christmas gathering, Marina picked up numerous bottles of Coca-Cola.
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In applying the lower of cost or market method to lifo inventory costing market is defined as_______.
In applying the lower cost or market method to LIFO inventory costing market is defined as replacement cost.
The Last-In, First-Out (LIFO) approach is predicated on the idea that the most recent or most recent unit to enter inventory gets sold first.
For many businesses, LIFO is not feasible because they wouldn't keep their older inventory sitting around in stock.
Since LIFO values COGS (Cost of Goods SOld) using the most recent inventory received, the remaining inventory may be severely dated or out of date.
Because the valuation is substantially lower than the cost of inventory items today, LIFO does not provide an accurate or up-to-date value of inventory.
When valuing inventory, many businesses may claim that they employ the "lower of cost or market."
This implies that, in the event that inventory values fell, their valuations would instead reflect market value (or replacement cost) as opposed to LIFO, FIFO, or average cost.
Hence, In applying the lower of cost or market method to LIFO inventory costing market is defined as replacement cost.
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A major goal of Zappos is to treat its ________ with integrity, honesty, and commitment. Group of answer choices employees employees, customers, and community customers employees and customers
A major goal of Zappos is to treat its (A) employees with integrity, honesty, and commitment.
What is Zappos?Zappos.com is an American online shoe and clothes shop headquartered in Las Vegas, Nevada. Nick Swinmurn started the company in 1999 and launched it under the domain name Shoesite.com. Amazon purchased Zappos in July 2009 in an all-stock transaction valued at roughly $1.2 billion at the time. Amazon paid Zappos for all outstanding shares and warrants in exchange for 10 million shares of Amazon common stock and $40 million in cash and restricted stock. Zappos prioritizes treating its employees with integrity, honesty, and devotion.Zappos prioritizes treating its employees with integrity, honesty, and devotion.
Therefore, a major goal of Zappos is to treat its (A) employees with integrity, honesty, and commitment.
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Complete question:
A major goal of Zappos is to treat its ________ with integrity, honesty, and commitment. Group of answer choices employees
(A) employees
(B) customers
(C) community customers employees and customers
If the poverty threshold for a household of four is $20,000 and the rockefeller family of four has an income of $24,000, then the rockefellers are classified as:________
If the poverty threshold for a household of four is $20,000 and the Rockefeller family of four has an income of $24,000, then the Rockefellers are classified as near poor (ratio of 1.2). This is further explained below.
What is the Rockefeller family?Generally, For example, if the poverty line for a four-person household is $20,000, and the Rockefellers make $24,000, they are considered near-poor (ratio of 1.2).
In conclusion, Whatever remained of the money amassed by the Rockefeller family has been stowed away in charitable trusts or distributed among the family's hundreds of relatives. Forbes estimates that the aggregate net worth of the clan in 2020 was $8.4 billion, which is equivalent to £6.1 billion, however, this number may be on the low end of what is really possible.
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Daniel goleman incorporated ""emotional intelligence"" into six categories of situational leadership. these include?
According to Daniel Goleman there are six emotional leadership styles – Authoritative, Coaching, Affiliative, Democratic, Pacesetting, and Coercive.
What is Goleman's model of emotional intelligence?
Five elements of EQ are listed in Daniel Goleman's theory of emotional intelligence: self-awareness, self-regulation, motivation, empathy, and social skills. The application of emotional intelligence can help achieve objectives and aims and foster a happier and healthier workplace environment.
What does Daniel Goleman say is the most effective style of leadership?
The authoritative leader style of the Goleman Leadership Styles is continually concerned with positively energizing the team to reach objectives that contribute to achieving organizational goals. This leadership style is very effective for motivating team members.
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If gdp is $20 trillon, how many years will it take for gdp to increase to $40 trillion if annual growth is 10 percent?
It will take 7 years.
Given GDP is $20 trillion and increased GDP is $40 trillion.
Gross domestic product (GDP) is the standard measure of value added generated by the country's production of goods and services over a certain time period. GDP is the total monetary or market worth of all completed products and services produced within a country's boundaries in a certain time period.
As such, it also accounts for the money generated by such output, as well as the overall amount spent on final products and services (less imports).
Time take to reach $40 trillion is to be found.
Formula to find the time taken to reach $40 trillion is given below:
F = P *(1+i) ^t
Here,
F = 40,
P = 20,
I = 10%
Now put the values in the formula given above.
F = 0.1040 = 20 × (1+0.10) ^t(1.10)^t
= 40 / 20
= 2
Taking log both sides t = log 2 / log 1.10
= 7.27 yrs or 7 yrs
Therefore, it will take 7 years.
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If Glade, which markets Glade scented PlugIns and Glade scented candles and wax melts were to introduce Glade laundry detergent and dryer sheets with the same scents, this would be called ____ branding.
If Glade, which markets Glade scented PlugIns and Glade scented candles and wax melts were to introduce Glade laundry detergent and dryer sheets with the same scents, this would be called brand-extension branding.
What is brand extension branding?A marketing approach in which a company that markets a product with a well-developed image utilizes the same brand name in a different product category is known as brand extension or brand stretching. The new product is known as a spin-off.Organizations employ this method to build and exploit brand equity (definition: the net worth and long-term sustainability just from the renowned name). Jello-creation gelatin of Jello pudding pops is an example of a brand extension.It raises brand visibility and enhances profitability by offering products in more than one category.Therefore, according to Glades, situation, if Glade, which markets Glade scented PlugIns and Glade scented candles and wax melts were to introduce Glade laundry detergent and dryer sheets with the same scents, this would be called brand-extension branding.
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What will be required for service providers to compete in the future?
Maintaining close relationships with the suppliers will be required for service providers to compete in the future.
A business that offers both consumers and businesses web access is known as an Internet service provider (ISP).
Additionally, ISPs might offer services like email, domain registration, web hosting, and browsers.
A provider of information services, storage services, Internet network service providers (INSPs), or a combination of all of them, is referred to as an ISP.
The use of the internet has changed from being restricted to people with government or academic accounts to almost everyone having access, whether it be for a fee or for free.
Hence, Maintaining close relationships with the suppliers will be required for service providers to compete in the future.
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The types of societies most likely to recognize women’s economic and reproductive contributions, as well as be more egalitarian in terms of gender relations, are:________
Foraging and horticultural societies are most likely to recognize women’s economic and reproductive contributions, as well as be more egalitarian in terms of gender relations. These groups could be local, regional, national, or even global. They are also grouped together.
People who lived in foraging communities lacked a reliable supply of sustenance. They relied on nature since they hunted and collected food. This method of obtaining food had a number of social repercussions. Gender equality was likely present since both men and women were actively seeking food. A group dedicated to the research and cultivation of cultivated plants is known as horticultural societies.
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In an amortized mortgage, the monthly payment is the same each month. The part used to pay the principal increases each month, while the amount going toward interest ______.
In an amortized mortgage, the monthly payment is the same each month. The part used to pay the principal increases each month, while the amount going toward interest decreases.
What is a mortgage?These are loans granted by banks or a specialized mortgage to borrowers who intends buying a house.
Amortization is a repayment feature of loans with equal monthly payments and a fixed end date. Mortgages are amortized, and so are auto loans.
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3. Compute the first production department's cost of ending work in process inventory for materials, conversion, and in total for May. 4. Compute the first production department's cost of the units transferred to the next production department for materials, conversion, and in total for May.
Based on the material and conversion costs to the first department, its ending work in process for May are:
Materials = $20,240Conversion cost = $9,020Total = $29,260The first production departments costs of units transferred to next production department is:
Materials = $125,120Conversion cost = $223,040Total = $348,160What is the ending work in process?For materials:
= 44,000 x 100% x 0.46
= $20,240
For conversion cost:
= 44,000 x 25% x 0.82
= $9,020
Total ending work in process:
= 20,240 + 9,020
= $29,260
What are the cost of units transferred?Materials:
= 272,000 x 0.46
= $125,120
Conversion cost:
= 272,000 x 0.82
= $223,040
Total cost of units transferred?
= 125,120 + 223,040
= $348,160
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the figure shows the market for college education in the united states. if there is no external benefit from a college education adn the government does not intervene int he market, then the equilibrium tiution of college education is
If the government does not intervene in the market for college education and there is no external benefit, the equilibrium tuition would be $13,000.
What is the equilibrium tuition price?There is no external benefit and the government does not intervene in the market.
This means that prices will be set by the demand and supply curves.
The price at the point where (S = MC) and ( D = MB) intersect is $13,000 so this is the equilibrium tuition cost of a college education price.
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Using attributes such as slope and distance, GIS can map catchment areas and site territories to understand the energy expenditures for moving across a landscape. This is known as
Using attributes such as slope and distance, GIS can map catchment areas and site territories to understand the energy expenditures for moving across a landscape. This is known as cost-surface analysis.
What is Geographic Information Systems GIS?
A helpful tool for managing data and doing the scientific studies is geographic information analysis (GIS). It offers a broader perspective for examining topographical features, natural resources, human settlements, and landscapes.
How is GIS used in archaeology?
The critical use of GIS in archaeology is predictive modeling. Archaeologists can precisely estimate the locations of sites with cultural, historical, or agricultural significance by combining historical map data, physical details of an area's landscape, and known knowledge about previous people.
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The escrow agent for a first-time purchaser is showing the survey and easements from the local electric utility company along the front edge of the property. The title agent explains that this easement is a covenant that
The escrow agent for a first-time purchaser is showing the survey and easements from the local electric utility company along the front edge of the property. The title agent explains that this easement is a covenant that the answer runs with the property.
Do house sellers have to provide a survey?
You don't have to give the buyer a survey if you're selling the property. Only if the property is being sold at auction could you want to consider getting a survey done. It can be a good idea to distribute the report to prospective buyers before to the auction, but it's not always necessary.
Do estate agents have to tell you about previous surveys?
They are required by consumer protection laws to provide relevant information about the property that can affect the buyer's choice.
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If a 10 pound bag of dog food sells for $6. 99, what is the per unit cost of the dog food?
If a 10-pound bag of dog food sells for $6. 99, then $-3.01 is the per unit cost of the dog food.
The unit method is a method of solving a problem by first finding the value of a single unit, then multiplying the value of that single unit to find the necessary value.
For example, to solve this problem: How far does he walk in his 7 hours?", first calculate how far the person walks in his 1 hour. We can assume that he will run half the distance in half the time. Therefore, dividing by 2, the man said that in one hour he would walk 3.5 miles. Multiply by 7 by 7 hours and the man will walk 7 x 3.5 = 24.5 miles. That is, take the distance traveled by the man as X and divide by the given distance (7 (x/7)). equals the time it takes to travel X distance (7 hours) divided by the time it takes to travel 7 miles (2 hours) (7/2) so x/7=7/2 so X = 24.5 miles.
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Julian buys plants and flowers every month. Both are normal goods. When the price of flowers fell, Julian purchased fewer plants. Which of the following statements is true for Julian regarding the income effect and the substitution effect
When the price of flowers fell, Julian purchased fewer plants. Julian regarding Substitution effect was stronger.
What is the Substitution Effect ?Substitution Effect is the change in the quantity of a good that a consumer demands when the good's price rises, holding other prices and the consumer's utility constant.
The substitution effect happens when consumers replace cheaper items with more expensive ones due to price changes or when their financial conditions improve, and vice-versa.
The substitution effect (SE) is derived from a product's price variation, together with the income effect (IE).
If the price of a product rises, demand of the product decreases (law of demand) because consumers will switch and demand a substitute good instead, as such goods would allow them to satisfy the same individual need of preference (that is the ultimate objective when making a purchase).
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Especially for projects with long lives, estimation of revenues (or benefits), costs, and cash flows is a difficult task principally because of:
Uncertainty about future events
Estimating revenues (or benefits), costs, and cash flows is a challenging endeavor, especially for projects with lengthy lifespans, in large part due to uncertainty about the future.
The variability level of cash flow is referred to as the uncertainty of cash flow. On the one hand, it stands for the consistency and predictability of cash flow, but on the other, it also symbolizes the potential for future growth and improved performance of the company.
Due to changes in the macro aspect, the integrated force of the macroscopic environment and microcosmic environment, which affects cash flow, is primarily represented in economic uncertainty factors.
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A customer asks you a question, but you do not know the answer. You feel that they expect you to know the answer. What would you be most likely to do?
When you don't know a certain answer to a customer question be honest and tell them that you don't know the answer to this question however you will ask from your colleague about this question and will revert back to the customer.
What is a customer?A customer is a person who is a buyer or a potential buyer of your products and or services.
The customer should be communicated of the estimated time that will be taken to revert back with the correct answer to the question. It is highly recommended that no guesses are made when you don't know a certain answer.
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________ is the analysis and redesign of workflow within and between enterprises. Multiple Choice Business process reengineering Benchmarking metrics Critical success factors Decision support interfaces
(C) Business process reengineering (BPR) is the analysis and redesign of workflow within and between enterprises.
What is Business process reengineering (BPR)?Business process re-engineering (BPR) is an early 1990s business management method that focuses on the analysis and design of workflows and business processes within a company. BPR seeks to assist firms in fundamentally rethinking how they do business in order to improve customer experience, reduce operational costs, and compete on a global scale.BPR aims to assist businesses in significantly restructuring their organizations by focusing on the design of their business processes from the ground up. A business process, according to early BPR proponent Thomas H. Davenport (1990), is a sequence of logically related operations executed to produce a specific business objective.Therefore, (C) business process reengineering (BPR) is the analysis and redesign of workflow within and between enterprises.
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Complete question:
__________ is the analysis and redesign of workflow within and between enterprises.
Multiple Choice
(A) Critical success factors (CSFs)
(B) Benchmarking metrics
(C) Business process reengineering (BPR)
(D) Decision support interfaces (DSI)
Sunland Company accumulates the following data concerning a proposed capital investment: cash cost $208,780, net annual cash flows $44,000, and present value factor of cash inflows for 10 years is 5.02 (rounded). (If the net present value is negative, use either a negative sign preceding the number eg -45 or parentheses eg (45).)
Determine the net present value, and indicate whether the investment should be made.
Net present value $enter the net present value in dollarsThe investment select an optionbe made.
The net present value is 12,100. The investment should be made because NPV is positive
The present value of an investment's after-tax cash flows is known as the investment's net present value.
Businesses can make decisions using the NPV technique. It aids in not only comparing projects of the same size but also in determining whether a given investment is profitable or not.
While the net present value has advantages such as taking time worth of money into an account and assisting management in making better decisions, it also has drawbacks such as not taking hidden costs into account and being unable to be utilized by the company to compare projects of various sizes.
NPV =( Net annual cash flows x present value factor) - cost
NPV = (44,000 x 5,02 ) - $208,780 = 12,100
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Stephan's dream is to own his own hair styling salon. Which educational path
will help him realize that goal?
OA. A 900 hour certificate course at an electrical college.
B. A two-year degree at a state college.
C. A 1,200 hour certificate course at a beauty college.
OD. A four-year humanities degree at a state college.
The educational path that will help him realize that goal is: C. 1,200 hour certificate course at a beauty college.
What is goals?Goals can be defined as what a person have the plan to achieve and work towards achieving the set goals.
If his dream was to have his own hair styling salon, 1,200 hour certificate course at a beauty college will be the best choice as it is the educational path that will enable him to achieve his set goal.
Therefore the correct option is c.
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Knowledge engineers develop ________, which are programmed to make decisions in real-life situations.
Knowledge engineers develop expert system which are programmed to make decision in real-life situations. Expert systems were created in the 1970s by computer scientist Edward Feigenbaum, a professor of computer science at Stanford University and the creator of the Knowledge Systems Laboratory at Stanford.
A computer software known as an expert system use artificial intelligence (AI) techniques to mimic the decision-making and actions of a person or group of people who have knowledge and experience in a certain field. Expert systems are often designed to support human experts rather than to replace them. MYCIN was a backward chaining expert system that could identify various bacteria that could cause acute infections.
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What is defined as a commitment to finding and using the best theory and data available at the time to make decisions?
Evidence-based management is defined as a commitment to finding and using the best theory and data available at the time to make decisions.
Evidence-based management is an approach which involves commitment and consciously setting aside the accepted conventions and hierarchy of opinion, and instead, using critical thinking and the best available evidence to make decisions.
An Evidence-based management is important as it reduces errors in judgement, reduces the potential for irrational thinking, bias, or reduces exhaustion which negatively impact management decisions. It is based on evidence, systematic decision-making, and re-evaluating and adapting.
Hence, Evidence-based management uses the best theory and data available at the time to make decisions.
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