Are inductive and deductive research mutually exclusive methods? Give examples to support your answer.
What will be an ideal response?
ANSWER:
Inductive and deductive research techniques are not mutually exclusive and are often used together. For example, the inductive method may be used to assess the appropriateness of a set of originally selected premises in a primarily deductive system. Researchers often work backward from the conclusions of other studies by developing new hypotheses that appear to fit the data. They then attempt to test the new hypotheses. Inductive research in accounting can shed light on relationships and phenomena existing in the business environment. This research, in turn, can be useful in the policy-making process in which deductive reasoning helps to determine rules that are to be prescribed.
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