In the Process of Developing an Approach, Research Should Be

question 48

Multiple Choice

In the process of developing an approach, research should be based on objective evidence and supported by theory. A theory .

• A) also plays a vital role in influencing the research procedures adopted in basic research
• B) serves as a foundation on which the researcher can organize and interpret the findings
• C) is incomplete
• D) all of the above

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Definitions:

Minimum Efficient Scale

The smallest level of production at which a firm can achieve the lowest long-term average cost, allowing it to be competitively viable.

3-D Printers

3-D printers are machines that create three-dimensional objects by adding material layer by layer, based on digital models.

Third Industrial Revolution

The period characterized by the digital revolution and the use of electronics and information technology to automate production.

Law of Diminishing Returns

A principle stating that as one factor of production is increased while others are held constant, there comes a point at which the marginal gain in output begins to decrease.