Research Methods for Business, A Skill-Building Approach Exam Questions with Latest Update

Business Research - ANSWER-A systematic and organized effort to investigate a specific problem encountered in the work setting, which needs a solution. Basic Research - ANSWER-Research conducted to generate knowledge and understanding of phenomena (in the work setting) that adds to the existing body of knowledge (about organizations and management theory). Applied Research - ANSWER-Research conducted in a particular setting with the specific objective of solving an existing problem in the situation. Alternate Hypothesis - ANSWER-An educated conjecture that sets the parameters one expects to find. The alternate hypothesis is tested to see whether or not the null is to be rejected ANOVA (analysis of variance) - ANSWER-Tests for significant mean differences in variables amongst multiple groups. Bias - ANSWER-Any error that creeps into the data. Biases can be introduced by the researcher, the respondent, the measuring instrument, the sample, and so on. Causal study - ANSWER-A research study conducted to establish cause-and-effect relationships among variables. Chi-square test - ANSWER-A nonparametric statistical test used to determine relationships between two nominal level variables. Classification Data - ANSWER-Personal information or demographic details of the respondents such as age, marital status, and educational level AMBIGUOUS QUESTIONS - ANSWER-QUESTIONS THAT ARE NOT CLEARLY WORDED AND ARE LIKELY TO BE INTERPRETED BY PARTICIPANTS IN DIFFERENT WAYS. CLOSE-ENDED QUESTIONS - ANSWER-ASKS THE PARTICIPANTS TO MAKE CHOICES AMONG A SET OF ALTERNATIVES GIVEN BY THE RESEARCHER. CLASSIFICATION DATA - ANSWER-AKA PERSONAL INFORMATION OR DEMOGRAPHIC QUESTIONS = ELICIT INFORMATION, SUCH AS AGE