Which of the following is not true about theories?

Which of the following is NOT true about theories? Select one: a. Theories, once verified, allow for prediction. b. Theories are used as principles of explanation of apparent relationships of certain observed phenomena. c. Concepts abstract reality d. The main purpose of theory is description.

Consider this statement: “All Business Research students who have ever been seen are human beings. Therefore, we conclude that all Business Research students are human beings.” This is an example of: Select one: a. deductive reasoning b. inductive reasoning. c. the ladder of abstraction. d. a variable.

Which of the following should a manager ask before deciding whether or not to do business research? Select one: a. Will the information obtained improve the quality of the decision enough to justify the costs? b. Is this research project the best use of available funds? c. Will the payoff from the research be worth the dollars invested? d. All of the above

When a marketing manager makes an important decision because there is not sufficient time to conduct a research project, this is an example of: Select one: a. a time constraint b. the availability of data c. the nature of the type of decision (tactical or strategic) that must be made d. a situation in which the value of the research exceeds its costs

Which statement best describes the nature of basic research? Select one: a. Basic research is conducted to verify the acceptability of a given theory b. The primary purpose of basic research is to facilitate the managerial decision process c. Because basic research is exploratory, it does not require the use of scientific methodology d. Basic research requires the use of experimentation

Answer

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[Q] Which of the following is NOT true about theories?

[a.] Theories, once verified, allow for prediction.

[b.] Theories are used as principles of explanation of apparent relationships of certain observed phenomena.

[c.] Concepts abstract reality

[d.] The main purpose of theory is description.

The correct answer is option d i.e. the main purpose of theory is description.

Explanation: Theories are planned to clarify, anticipate [predict], and comprehend phenomena and, by and large, to challenge and expand existing information inside the restrictions of basic jumping presumptions. The theoretical system is the structure that can hold or bolster a hypothesis of an examination study where concepts are the essential units of theory advancement. In any case, theories require a comprehension of connections among concepts an abstract reality.

  • Thus, the abovementioned alternatives i.e. option [a], [b], and [c] are incorrect answers.

[Q] Consider this statement: “All Business Research students who have ever been seen are human beings. Therefore, we conclude that all Business Research students are human beings.” This is an example of:

[a.] deductive reasoning

[b.] inductive reasoning.

[c.] the ladder of abstraction.

[d.] a variable.

The correct answer is option b i.e. inductive reasoning.

Explanation: At the experimental level, a hypothesis might be created with inductive reasoning. It is the consistent procedure of building up a general suggestion based on the perception of specific realities. In this way, “all Business Research students who have ever been seen are human beings. Therefore, we conclude that all Business Research students are human beings.” is an example of inductive reasoning.

  • Thus, the abovementioned alternatives i.e. option [a], [c], and [d] are incorrect answers.

[Q] Which of the following should a manager ask before deciding whether or not to do business research?

[a.] Will the information obtained improve the quality of the decision enough to justify the costs?

[b.] Is this research project the best use of available funds?

[c.] Will the payoff from the research be worth the dollars invested?

[d.] All of the above

The correct answer is option d i.e. all of the above.

Explanation: Molding your way to deal with business research can have the effect between cash very much went through and cash squandered. In the case of promoting a statistical research firm or beginning another organization, the correct methodology is imperative to achieving your objectives. Thus, a manager asks all the above options before deciding whether or not to do business research.

  • Thus, the abovementioned alternatives i.e. option [a], [b], and [c] are incorrect answers.

[Q] When a marketing manager makes an important decision because there is not sufficient time to conduct a research project, this is an example of:

[a.] a time constraint

[b.] the availability of data

[c.] the nature of the type of decision [tactical or strategic] that must be made

[d.] a situation in which the value of the research exceeds its costs

The correct answer is option a i.e. a time constraint.

Explanation:

Time Constraint: Precise research requires a significant time investment. On numerous occasions the executives accept that a choice must be made promptly, permitting no time for investigating. Decisions once in a while are made without sufficient data or intensive comprehension of market circumstances. In spite of the fact that creation decisions without looking into a circumstance aren’t perfect, now and again the desperation of a circumstance blocks the utilization of research. The direness in which supervisors frequently need to settle on a choice regularly clashes with the advertising specialist’s craving for meticulousness in following the logical strategy.

  • Thus, the abovementioned alternatives i.e. option [b], [c], and [d] are incorrect answers.

[Q] Which statement best describes the nature of basic research?

[a.] Basic research is conducted to verify the acceptability of a given theory

[b.] The primary purpose of basic research is to facilitate the managerial decision process

[c.] Because basic research is exploratory, it does not require the use of the scientific methodology

[d.] Basic research requires the use of experimentation

The correct answer is option [a] i.e. basic research is conducted to verify the acceptability of a given theory.

Explanation: One motivation behind leading marketing research is to create and assess ideas and theories. Basic research endeavors to grow the restrictions of information. It isn’t planned for tackling a specific down to the business issue. It has been said that there is nothing as pragmatic as a decent hypothesis. Despite the fact that this is valid over the long haul, basic marketing research discoveries, for the most part, can’t be quickly actualized by a promoting official. Thus, the nature of basic research is conducted to verify the acceptability of a given theory or to learn more about a certain concept.

  • Thus, the abovementioned alternatives i.e. option [b], [c], and [d] are incorrect answers.

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