Compare and contrast qualitative and quantitative research (Table 5.1 in the text)
What will be an ideal response?
The differences in the two methodologies are summarized in Table 5.1 in the text.
The objective of qualitative research is to gain qualitative understanding of the underlying reasons and motivations while the objective of quantitative research is to quantify the data and generalize the results from the sample to the population of interest.
Samples used in qualitative research consist of small and nonrepresentative cases while those used in quantitative research consist of large and representative cases.
The data collection for qualitative research is unstructured while quantitative research is structured.
Qualitative research utilizes nonstatistical data analysis and quantitative research utilizes statistical data analysis. The outcome for qualitative research is to develop an initial understanding. The outcome for quantitative research is to recommend a final course of action.
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During the period when Ben Bernanke was the Fed's Chairman, the inflation rate averaged at about 1.7%. In comparison to other periods when the Fed was headed over by other chairmen, this inflation rate can be considered to be
A. average. B. the highest. C. the lowest. D. above average but not the highest.
Foster Florist specializes in large floral bouquets for hotels and other commercial spaces. The company has provided the following data concerning its annual overhead costs and its activity based costing system:Overhead costs: Wages and salaries$82,000?Other expenses 74,000?Total$156,000?Distribution of resource consumption:Activity Cost Pools Making BouquetsDeliveryOtherTotalWages and salaries45%40%15%100%Other expenses35%55%10%100%The "Other" activity cost pool consists of the costs of idle capacity and organization-sustaining costs.The amount of activity for the year is as follows:Activity Cost PoolActivityMaking bouquets73,020?bouquetsDelivery16,800?deliveriesWhat would be the total overhead cost per delivery according to the activity based costing system? In other
words, what would be the overall activity rate for the deliveries activity cost pool? (Round to the nearest whole cent.) A. $4.38 B. $3.95 C. $2.67 D. $5.24
The term "sales proceeds" refers to the resulting assets from the sale, exchange, or disposal of collateral subject to a security agreement
Indicate whether the statement is true or false
A line balance that is 100% efficient must:
A) be using the minimum cycle time. B) be using the theoretical minimum number of work stations. C) also achieve 100% balance delay. D) be producing the theoretical maximum output.