Chapter 1 introduction to business research Exam Questions with Correct Answers

Research process - ANSWER-The means or process by which research is carried out The Research Process - ANSWER-1. Refine idea 2. State research statement/question 3. Aims and objectives 4. Literature review 5. Methodology 6. Data collection methods 7. Gather data 8. Analyze data 9. Draw conclusions 10. Complete write-up of thesis/report Literature review - ANSWER-a scholarly research step that entails identifying and studying all existing studies on a topic to create a basis for new research Undertaken in order to embed the researcher and research project in the body of knowledge Methodology - ANSWER-The overall approach to the research project; the way in which the research is carried out Data collection methods - ANSWER-The means by which data are gathered for a research project Data - ANSWER-Information or evidence gathered for a research project Analyzing - ANSWER-Data are analyzed by means of description and interpretation Conclusion - ANSWER-Final judgment drawn from evidence or argument Business research - ANSWER-The application of the scientific method in searching for the truth about business phenomena. These activities include defining business opportunities and problems, generating and evaluating ideas, monitoring performance, and understanding the business process. The application of social science research methods in the process of examining business phenomena Applied business research - ANSWER-Research conducted to address a specific business decision for a specific firm or organization.