Podcast
Questions and Answers
What is the primary purpose of business statistics in decision making?
What is the primary purpose of business statistics in decision making?
- To provide opinions on business strategies
- To calculate employee salaries
- To collect, analyze, summarize, and present data (correct)
- To determine company ownership structures
Which public policy change was most favored by independent business owners in the survey?
Which public policy change was most favored by independent business owners in the survey?
- Reduction of corporate taxes
- Pass the Marketplace Fairness Act (correct)
- Increase minimum wage
- Expansion of employee benefits
What percentage of workers felt their work quality was perceived the same while remote versus in-office?
What percentage of workers felt their work quality was perceived the same while remote versus in-office?
- 45%
- 50%
- 55% (correct)
- 60%
In the survey regarding business travel negotiations, what percentage of women reported they prefer to negotiate for less travel today compared to five years ago?
In the survey regarding business travel negotiations, what percentage of women reported they prefer to negotiate for less travel today compared to five years ago?
What was the reported growth percentage for family businesses in the last twelve months according to the global Family Business Survey?
What was the reported growth percentage for family businesses in the last twelve months according to the global Family Business Survey?
What is a significant concern for family businesses in the next twelve months?
What is a significant concern for family businesses in the next twelve months?
Which organization conducted a survey on independent business owners?
Which organization conducted a survey on independent business owners?
What key factor influences decision-making in businesses worldwide?
What key factor influences decision-making in businesses worldwide?
How do businesses generally assess their operational success?
How do businesses generally assess their operational success?
What type of survey reported that 48% of men are likely to negotiate less business travel now?
What type of survey reported that 48% of men are likely to negotiate less business travel now?
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Study Notes
Decision-Making in Business
- Every minute, global businesses make decisions impacting their growth and profitability.
- Decisions are guided by market data, economic conditions, workforce insights, competition analysis, and other factors.
- Business statistics play a crucial role in collecting, analyzing, summarizing, and presenting data for informed decision-making.
- Statistics are utilized across virtually all areas of business to enhance decision-making processes.
Recent Surveys and Findings
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Independent Business Owners:
- 40% favored the passing of the Marketplace Fairness Act.
- 38% supported capping credit card swipe fees based on a national survey by the Institute for Local Self-Reliance.
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Workplace Perception:
- A Hotjobs survey revealed that 55% of 1,465 workers believe their work quality is viewed similarly whether they work remotely or in-office.
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Business Travel Negotiations:
- A survey by the Association of Executive Search Consultants indicated that 48% of men and 67% of women are more likely to negotiate for reduced business travel compared to five years ago.
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Family Businesses:
- A PwC-sponsored Family Business Survey of 2,378 respondents found that 65% reported growth in the past year.
- 49% expressed concerns about their ability to recruit skilled staff in the following twelve months.
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Consumer Attitudes towards Sustainability:
- A Deloitte Retail "Green" survey involving 1,080 adults showed that 54% support banning plastic, non-compostable shopping bags.
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