What are the similarities and differences between qualitative and quantitative research? Qualitative research is deals with collecting descriptive information that cannot be definitely measured on an exact scale, often things that are observed. Examples would be emotions or feelings, attitudes, behavior, etc. It is a research method for exploring issues and topics in an attempt to understand them better and obtain answers and in some cases find similarities. Qualitative research is used in business research, market research and even scientific research.
Another advantage of qualitative research is that it gives more thorough data in the shape of complete descriptions in written form or visual evidence, such as photographs. This type of research looks at context and social meaning and how it affects individuals, which is beneficial mostly in the social sciences. The disadvantage of qualitative research is the interpretation of researcher s’ own biased view, which can misinterpret the facts. Another disadvantage is that this research method is very time consuming. Quantitative research allows assessing and analyzing data.
Financial Statements ACC/280 May 01, 2012 Edward Vargas Financial Statements Accounting is extremely important by monitoring the functions of the companies, and allowing them to make appropriate financial transactions and decisions. Some areas of accounting can seem confusing and difficult but in the end the outcome is clear and concise. There are two basic forms of accounting known as; financial and managerial accounting. Financial accounting responsibilities are to follow the General Accepted Accounting Principles (GAAP) that is regulations for investor relations, creditors, and taxation purposes, whereas managerial accounting is for internal evaluation. There are different functions and categories that accounting
Gillham 2000 said that interview is a conversation which aims to find answers to particular questions. It involves a discussion between two or more people where one plays the role of an interviewer and the other being the interviewee. It is a qualitative method of research which generally produces rich data. It may also take the quantitative approach. He also believed that different interviews are used for different purposes.
Which is essential to objective reporting takes place, and scientists need to use critical thinking skills and be skeptical when analyzing data. The scientific method is an involved method to ensure that research is ethically complete (Shaughnessy, Zechmeister, & Zechmeister, 2009). In research two types of data exist, quantitative data, and qualitative data. Quantitative data refers to data that involves numbers; behaviors or objects that can be counted, such as statistics, percentages, and formula-based analysis (Shaughnessy, Zechmeister, & Zechmeister, 2009). Qualitative data refers to data that consists of verbal summaries, observations, or analysis.
Describe the design of the study. Identify an operational definition used by the researchers. Provide one example of inductive logic and one example of deductive logic presented in the results. Identify whether the research study is a quantitative or qualitative design. Explain your answer.
A cash flow forecast is also prepared which gives an estimate of the amount of cash the company expects to flow in and out and also includes all the projected income and expenses. This will help in predicting any upcoming cash surpluses or shortages which can be used to help make the right decisions. It can help in planning new equipment purchases or identifying if the business needs to secure a small business loan. The cash flow forecast is also used to check if the company is meeting expectations. Comparing actual income and expenses with the forecasts can identify where the company is over or under performing.
Finally, we have seen how these incentives affect different types of organizations. We have seen cases where companies move for reasons that other may consider small like consultation, or travel. While others move because of additional material benefits, such as lower labor, and shipping costs. Because of the importance of this decision an organization should study the different types of incentives and chose the most beneficial to their
It contains several sub-budgets which serve as a plan for management to follow in order to attain the firm’s goals. This thorough planning will yield pertinent information that will allow the management team to make informed decisions. Consequently, data is derived from the smaller budgets underlying the operating budget. Initially, the sales production budget is compiled first. This budget details how many units are to be produced and what costs will be allocated for producing those units.
In psychology there are two essential elements in understanding theories and human behavior that is research and statistics, and how do we make sense of this information and the data collected. Primary and secondary data are the two main types of data in any research. “Primary data is information collected by the researcher directly through instruments such as survey, interviews, focus groups or observation. Tailored to his or her specific needs, primary researcher with the most accurate and up-to-date data. Secondary data, on the other