Business management

Business management

General business management terms encompassing inventory management, security management, financial administration, business planning, and management services for all enterprise-wide information systems.

Industry: Business administration

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Business management

item analysis

Business administration; Business management

In statistics, this is a technique to determine the effectiveness of different items on a test in its discrimination among the people who take it.

quartile

Business administration; Business management

In statistics, this is one of the three points on a frequency distribution which divide it into equal quarters; for example, at 25 per cent, 50 per cent and 75 per cent of a list of annual earnings.

percentile

Business administration; Business management

In statistics, this is onehundredth of the total number of scores in a ranked distribution; for example, the ninetieth percentile is the point below which lie 90 per cent of the scores.

sampling error

Business administration; Business management

In statistics, this is the extent to which a sample is not an accurate representation of the population from which it has been drawn.

mean

Business administration; Business management

In statistics, this is the most commonly used measure of central tendency. It is the arithmetic average, found by summing the values of a series of numbers and dividing this by the total number in ...

sampling

Business administration; Business management

In statistics, this is the process of analysing a sample drawn from a particular population when it is too difficult or expensive to deal with each member of that population. The most common ways to ...