1. Which of the following BEST describes research? A. It is the conduct of experiments in the laboratory. B. It is a systematic process used to find solutions to problems. C. It is the gathering of information and data from various resources. D. It is getting information through experiments, observations and interviews.

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
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1. Which of the following BEST describes research?
A. It is the conduct of experiments in the laboratory.
B. It is a systematic process used to find solutions to problems.
C. It is the gathering of information and data from various resources.
D. It is getting information through experiments, observations and
interviews.
2. Which is TRUE about research?
A. It requires specific competencies from a researcher.
B. It is challenging and time-consuming to accomplish.
C. It includes finding an answer to a question through library work and
Internet surfing.
D. It is a careful study of a specific problem using a scientific method
which leads to the creation of new knowledge.
3. What makes research important in daily life?
A. It makes people think.
B. It builds a stronger community.
C. It saves man from further damage.
D. It offers a more effective solution to a problem.
4. Why use research result as basis for a decision?
A. To benefit from research results
B. To make more effective decisions in life
C. To use researches from various institutions
D. To use the work of well-known researchers in the field
5. Which of these courses of action may be offered by research for a person
who wishes to put up a new business?
A. start the business immediately
B. sell properties to start the business
C. borrow money from a bank and start the business
D. conduct a feasibility study before venturing into a new business
Transcribed Image Text:1. Which of the following BEST describes research? A. It is the conduct of experiments in the laboratory. B. It is a systematic process used to find solutions to problems. C. It is the gathering of information and data from various resources. D. It is getting information through experiments, observations and interviews. 2. Which is TRUE about research? A. It requires specific competencies from a researcher. B. It is challenging and time-consuming to accomplish. C. It includes finding an answer to a question through library work and Internet surfing. D. It is a careful study of a specific problem using a scientific method which leads to the creation of new knowledge. 3. What makes research important in daily life? A. It makes people think. B. It builds a stronger community. C. It saves man from further damage. D. It offers a more effective solution to a problem. 4. Why use research result as basis for a decision? A. To benefit from research results B. To make more effective decisions in life C. To use researches from various institutions D. To use the work of well-known researchers in the field 5. Which of these courses of action may be offered by research for a person who wishes to put up a new business? A. start the business immediately B. sell properties to start the business C. borrow money from a bank and start the business D. conduct a feasibility study before venturing into a new business
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