What Is a Research Design

question 10

Multiple Choice

What is a research design?

• A) Plan for determining the purpose of a research study
• B) The steps of the research process
• C) A type of strategy in quantitative/qualitative research
• D) Procedures for collecting, analyzing, and reporting data

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Definitions:

Sunk Cost

Costs that have already been incurred and cannot be recovered or altered, and should not affect future business decisions.

Relevant Cost

Costs that will be affected by a decision in the future and therefore should be considered in decision-making processes.

Sell or Process Further

A decision-making process used in managerial accounting to determine whether it is more profitable to sell a product as is or process it further.

Incremental Revenue

The additional revenue generated from a new business action or decision, beyond the existing revenue stream.