UCF QMB 3602 EXAM ONE QUESTIONS
AND ANSWERS 2024
Stage One:
Clarify the Research Question - answer Identify and Prioritize Management Dilemma(s) -Cross-reference Key Performance Indicators
Exploration -Define plausible management actions to address dilemma(s)
Value and Budget of Research
Stage Two:
Design the Research Project - answer Data -Primary, Secondary, Nominal, Ordinal, Interval, Ratio
-Characteristics: Abstractness, Verifiability, Elusiveness, . Truthfulness.
Data Collection Design -Reference Research Techniques
Sampling Design 1 / 2
-Define Target Population -Define a case -Define the # of cases needed -Define the procedure of selection
Stage Three:
Collect and Prepare the Data - answer -Experiments -Observations -Surveys -Etc.-Compile data in a way that can be reported to others
Stage Four:
Analyze and Interpret the Data - answer Data Analysis -Key Patterns -Insights -Recommendations
Stage Five:
- / 2