The ever-increasing internationalization of business

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1. Given a test in which there is overlap of the test results for diseased and non-diseased individuals (e.g., normal individuals are found who have test results ranging in value from 8 to 15, and diseased individuals are found who have test results ranging in value from 12 to 25, so that in the range of values 12 to 15 there are both normal and diseased individuals), if the current cutoff value lies in the range of this overlap and you move the cutoff value toward the diseased population (higher numbers in this example), the false negative numbers will _____________________ .

a. Increase

b. Decrease

2. Comment on the following statements:

a. Managers are paid to take chances with decisions. Researchers are paid to reduce the risk of making those decisions.

b. A business strategy can be no better than the information on which it is formulated.

c. The purpose of research is to solve business problems.

What types of tools does the researcher need to use more given the ever-increasing internationalization of business?

Reference no: EM132205284

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