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RES/351 Final Exam Answers Study Guide 1. What do we call the process of stating the basic dilemma and then developing other questions by progressively breaking down the original question into more specific ones?Management-research question hierarchyExplanation: This is a questions hierarchy that enables research data to become more refined as specific as smaller questions are developed. 2. Minute Maid is creating its own proprietary methods for performing research. In this scenario, what hierarchy of business decision makers does Minute Maid operate?Top tierExplanation: Minute Maid is at the top tier because it is creating its own custom methods of research. Lower tiers use past data as a basic framework for conducting research.
3. Northwest Airlines used mathematical models to find out which customers in the database were responsible for most of its profits and which customers were not currently profitable, yet showed similar characteristics to the most profitable customers. What method did Northwest Airlines utilize in this scenario?Data miningExplanation: Data mining is the process of extracting data from a database to be used for research purposes. 4. What should be the first question when considering a management dilemma?What symptoms cause management concern?Explanation: Defining the symptoms of the problem will serve as a foundation for future research. 5. What is the goal of ethics in research?Ensure nobody is harmedExplanation: Ethical research should be performed in a way that does not create additional suffering in the world. 6. What is it called when research participants are only told part of the truth during a survey?DeceptionExplanation: Compromising the truth or withholding importing data is considered deception.
betty jones files a return as a single taxpayer. items of income received by betty in 2011 were as follows. interest on
Which cost flow method results in the highest inventory amount for the balance sheet? The highest cost of goods sold for the income statement?
Jim janney is paid $6 per hour and double time on weekends
The acquisition, what amounts in the Equipment account appear on Hooker's separate balance sheet and on the consolidated balancesheet?
Five individuals organized Miami Music Corporation on January 1. At the end of January 31, the following monthly financial data are available: Complete the following income statement and balance sheet for the month of January.
O. Guillen (beginning capital, $69,000) and K.Williams (beginning capital ($82,000) are partners. During 2008, the partnership earned net income of $71,400, and Guillen made drawings of $18,700 while Williams made drawings of $32,200.
a citys general fund makes a permanent contribution of 800000 to an internal service fund isf so that the isf can
hi-tek labs performs steroid testing services to high schools colleges and universities.because the company deals
the budgeted finished goods inventory and cost of goods sold for a manufacturing company for the year 2012 are as
Buffon Electronics Company issues a $1,000,000, 10%, 20-year mortgage note on January 1. The terms provide for semiannual installment payments, exclusive of real estate taxes and insurance, of $58,276. After the first installment payment, the prin..
garland mills purchased a certain piece of machinery 2 years ago for 500000. its present resale value is 380000.
Prepare an incremental analysis whether the company should make or buy the switches.
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