Finance

Essay by smak1981University, Master'sA+, October 2014

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True/False

Q#34: True

Q#35: False

Q#36: True

MCQs

Q#37: C

Q#44: B

Q#51: A

Q#58: C

Q#65: D

Q#38: B

Q#45: C

Q#52: D

Q#59: B

Q#66: B

Q#39: B

Q#46: D

Q#53: B

Q#60: C

Q#40: D

Q#47: C

Q#54: D

Q#61: B

Q#41: C

Q#48: D

Q#55: C

Q#62: A

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Q#49: C

Q#56: A

Q#63: C

Q#43: A

Q#50: B

Q#57: D

Q#64: D

Q 86: Compare and contrast the exploratory, descriptive and causal research designs.

Answer: A comparison of Basic Research Designs:

Exploratory

Descriptive

Causal

Objective

Discovery of ideas and insights

Describe market characteristics or functions

Determine cause and effect relationships

Characteristics

Flexible, versatile.

Often the front end of the total research design

Marketed by the prior formulation of specific hypotheses.

Preplanned and structured design

Manipulation of one or more independent variables.

Measure the effect on dependent variable (s).

Control of other mediating variables

Methods

Expert surveys,

Pilot surveys, Case studies, Secondary data, qualitative analysis, qualitative research

Secondary data, qualitative analysis, surveys, panels, observation and other data

Experiments

Question#87: Patronage at the local Macy's has been declining.

What is the cause and how can it be stopped? Use the six Ws used in descriptive design to clearly define the information needed to address this management decision problem.

Answer:

A descriptive design requires a clear specification of who, why, when, where, why and way of the research, in this case we would need to know the following information.

Who - who should be considered a patron of a particular department store. For example; anyone who enters the department store or who purchases anything

What - what information should be obtained from respondent, for example information pertaining to buying preferences of the customer

When - when should be the information obtained from respondent, either before shopping...