Business Research Methods, 13e (Schindler)
Chapter 2 The Research Process: An Overview|
Questions and Complete Answers| Verified 100%
Correct| Newest 2025
If a dashboard display revealed rising costs in an operating division of a business, this
would be a possible
A) research question.
B) management dilemma.
C) research design.
D) limitation.
E) None of the above is correct. - ✔✔B) management dilemma.
) If a business does not collect data on key performance indicators, it has a more difficult
time
A) defining management dilemmas.
B) creating a research design.
C) in sampling design.
D) collecting data.
E) None of the above is correct. - ✔✔A) defining management dilemmas.
) Exploration
A) is highly structured research.
B) is used to refine research questions.
C) cannot be used to solve a management problem.
D) cannot be used to understand a manager's options when solving a problem or
addressing an opportunity.
,E) None of the above is correct. - ✔✔B) is used to refine research questions.
) The research question
A) is a possible resolution to the management problem.
B) is a hypothesis to be studied.
C) represents a selection of action choices.
D) is the focus of a research project.
E) All of the above are correct. - ✔✔E) All of the above are correct.
) A research study
A) has value only if the information collected helps make a better decision than would
be made without the new information.
B) has value only if the budget needed to collect the data is less than the decision's
estimated value.
C) has value only if the budget for research is exceeded by the decision's estimated
value.
D) has an estimated value that is determined from the cost of acquiring the data and the
value of any possible resulting decisions.
E) All of the above are correct. - ✔✔E) All of the above are correct.
) McGraw-Hill is planning a study of educator preferences to determine the needs of
college instructors. Because of the number of college instructors, McGraw-Hill will select
a portion of the target population, known as a(n) ________, to participate in the study.
A) element
B) sample
C) sampling frame
D) census
, E) extent - ✔✔B) sample
) Information collected from participants, by observation, or from secondary sources is
called ________.
A) response
B) data
C) knowledge
D) fact
E) perceptual content - ✔✔B) data
) Data collected from an article in a business magazine would be
A) primary data.
B) secondary data.
C) nominal data.
D) ratio data.
E) interval data. - ✔✔B) secondary data
) Data collected by interview of a fan at a concert would be
A) primary data.
B) secondary data.
C) nominal data.
D) ratio data.
E) interval data. - ✔✔A) primary data.
) Data collected by observation of which aisle a store visitor takes when entering would
be
Chapter 2 The Research Process: An Overview|
Questions and Complete Answers| Verified 100%
Correct| Newest 2025
If a dashboard display revealed rising costs in an operating division of a business, this
would be a possible
A) research question.
B) management dilemma.
C) research design.
D) limitation.
E) None of the above is correct. - ✔✔B) management dilemma.
) If a business does not collect data on key performance indicators, it has a more difficult
time
A) defining management dilemmas.
B) creating a research design.
C) in sampling design.
D) collecting data.
E) None of the above is correct. - ✔✔A) defining management dilemmas.
) Exploration
A) is highly structured research.
B) is used to refine research questions.
C) cannot be used to solve a management problem.
D) cannot be used to understand a manager's options when solving a problem or
addressing an opportunity.
,E) None of the above is correct. - ✔✔B) is used to refine research questions.
) The research question
A) is a possible resolution to the management problem.
B) is a hypothesis to be studied.
C) represents a selection of action choices.
D) is the focus of a research project.
E) All of the above are correct. - ✔✔E) All of the above are correct.
) A research study
A) has value only if the information collected helps make a better decision than would
be made without the new information.
B) has value only if the budget needed to collect the data is less than the decision's
estimated value.
C) has value only if the budget for research is exceeded by the decision's estimated
value.
D) has an estimated value that is determined from the cost of acquiring the data and the
value of any possible resulting decisions.
E) All of the above are correct. - ✔✔E) All of the above are correct.
) McGraw-Hill is planning a study of educator preferences to determine the needs of
college instructors. Because of the number of college instructors, McGraw-Hill will select
a portion of the target population, known as a(n) ________, to participate in the study.
A) element
B) sample
C) sampling frame
D) census
, E) extent - ✔✔B) sample
) Information collected from participants, by observation, or from secondary sources is
called ________.
A) response
B) data
C) knowledge
D) fact
E) perceptual content - ✔✔B) data
) Data collected from an article in a business magazine would be
A) primary data.
B) secondary data.
C) nominal data.
D) ratio data.
E) interval data. - ✔✔B) secondary data
) Data collected by interview of a fan at a concert would be
A) primary data.
B) secondary data.
C) nominal data.
D) ratio data.
E) interval data. - ✔✔A) primary data.
) Data collected by observation of which aisle a store visitor takes when entering would
be
