A Type 1 error occurs when managers threaten the survival of their firms by failing to act because they perceive their environment as stable when it is turbulent.

Name: A Type 1 error occurs when managers threaten the survival of their firms by failing to act because they perceive their environment as stable when it is turbulent.
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Question

Quizplus · Accepted Answer

A Type 1 error in hypothesis testing occurs when a true null hypothesis is incorrectly rejected, not when managers misperceive their environment.

A Type 1 Error Occurs When Managers Threaten the Survival