Somali Regional State

College of Management and Public Service

Department of Accounting and Finance

Final exam –Research Methods in Accounting and Finance

Allowed Time : 1hr and 30 vminutes Monday November 19, 2018

Part I- TRUE or FALSE (10%)

Instruuction Write the word TRUE if the statement is correct and if not write the word FALSE
on the answer sheet left for it.

1. Research is conducted To bridge the gap between theory and practice.

2. The word research means to examine carefully, test, try, and probe again.
3. In the business arena research is conducted to gain a competitive advantage.
4. Applied research is primarily concerned with developing a theoretical explanation or
understanding.
5. Basic research is usually characterized by its concern with problems and their solutions.
6. observation refers to two distinct concepts—being aware of the world around us and
making careful measurements
7. In research a “problem” could simply indicate an interest in an issue where finding the
right answers might help to improve an existing situation.
8. Feasibility in research means Complexity of the problem, availablitiy of resource and
possibility of obtaining technical and financial assistance from external resources.
9. Ethical Acceptability refers to how acceptable is the research to those who will be studied
(Cultural sensitivity).
10. The empirical approach in research is an evidence-based approach that relies on direct
observation and experimentation in the acquisition of new knowledg..
Part II- Multiple Choice (27%)

Instruction: Choose the correct alternative for each of the following questions and write your
answers on the space provided on the answer sheet left for it.

1. Which one of the following is not correct abouut literature review?

A. The term ‘review’ means to organize the knowledge of the specific area of research
to evolve an edifice of knowledge to show that his study would be an addition to this
field.
B. The task of review of literature is highly creative and tedious because researcher has
to synthesize the available knowledge of the field in a unique way to provide the
rational for the study.
C. A literature review is a survey and discussion of the literature in a given area of study.
D. The literature of any field forms the foundation upon which all future will be built.
E. All are correct
F. None of the above.
2. Which one of the following is the reseaon for literature review?
A. To review research done previously in the particular area of interest.
B. It is very essential for every investigator to be up-to-date in his information about the
literature , related to his own problem already done by others.
C. It indicates whether the evidence already available solves the problem adequately
without requiring further investigation or not .
D. It enable you to locate your project within current debates and viewpoints.
E. All of the above
F. None of the above.
3. Which one of the folowing is the first step of a literature review?
A. looking at the articles and photocopy those that are central to the topic.
B. Beginning to draft summaries of the most relevant articles.
C. structuring the literature thematically or organize it by important concepts addressed
in the study.
D. Trying to locate about reports of research in article or books related to research on
the topic.
E. Identify ing key works useful in locating material in an academic library at a college
or university.
4. Which one of the following is not considered to be source of literature review?
A. Books and Text books material C. Encyclopedias E. Microfiche
B. Abstracts D. Specialized Dictionaries F. None of the above
5. Which one of the following is correctly stated?
A. Research design requires the specification of procedures
B. The data are to be collected to help identify or react to a problem or opportunity.
C. Information acquires values as it helps improve decisions.
 D. Information accuracy is affected by the occurrence of a number of potential errors.
E. The goal of applied research design is to generate the most accurate information
possible.
F. All except D
G. All except E
6. Exploratory research could be used for any of the following purposes except one of the
following?
A. To Gain background information
B. To Formulate a problem or define a problem more precisely.
C. To Clarify problems and Develop hypothesis.
D. To Establish priorities for further research.
E. To make specific predictions.
7. Descriptive research could be used for any of the following purposes except one of the
following?
A. To estimate the percentage of units in a specified population exhibiting a certain
behaviour.
B. To determine the perceptions of product characteristics’.
C. To Gain background information.
D. To describe the characteristics’ of relevant groups, such as consumers, salespeople,
organizations, or market areas.
E. None of the above.
8. Causal Research is Appropriate for the Following Purposes except one of the
following?
A. To Clarify problems and Develop hypothesis.
B. To understand which variables is the cause (independent variables) and which
variables are the effect (dependent variables) of a phenomenon.
C. To determine the nature of the relationship between the causal variables and the effect
to be predicted.
D. To Establish priorities for further research.
E. A and B
F. B and C
G. A and D
9. Which one of the following is/are Formal Requirements of Causality?
A. Co Variation D. Time Sequence
B. Systematic Elimination E. Expermintal Desgin F. All of the above
10. Which one of the following is not a general guideline in choosing research design?
A. When little is known about the problem situation, it is desirable to begin with
exploratory research.
B. Exploratory research is the initial step in the overall research design framework.
C. It is not necessary to begin the survey research design with exploratory research.
D. Although exploratory research is generally the initial step, it need not be.
E. All of the above
F. None of the above
11. _____________________is The aggregate of all elements, sharing some common set of
characteristics that comprises the universe for the purpose of the research problem.
A. Target population D. Sampling Frame
B. Population element E. Census
C. Population (Universe) F. Sample
12. _____________________ is the process of using a small or parts of a larger population to
make conclusions about the whole population.
A. Research design C. Research sampling
B. Research conclusion D. Research population
13. The difference between a sample and the population from which it is selected, even
though a probability sample has been selected is called______________.
A. Non-Response B. Sample Size C. Non-Sampling Error [Link] Error.
14. _____________________ is a probability sampling technique in which each element in
the population has a known and equal probability of selection.
A. Simple Random Sampling(SRS) C. Stratified Sampling
B. Systematic Sampling(SS) D. Cluster Sampling
15. ______________a probability sampling technique in which the population elements are
sampled sequentially, data collection and analysis are done at each stage, and a decision
is made as to whether additional elements should be sampled.
A. Stratified Sampling B. Systematic Sampling C. Double Sampling D. Squential Sampling
 16. ________________ a non-probability sampling technique that attempts to obtain a sample
of convenient elements.
A. Referral Samples/Snowball Samples C. Judgment sampling
B. Quota Samples D. Convenience sampling
17. Which one of the folloowing is/are Procedures for Drawing a simple random sampling?
A. Select a suitable sampling frame
B. Assign each element a number 1 to N (population size)
C. Generate n (sample size) different random numbers between 1 and N.
D. The numbers generated denote the elements that should be included in the sample.
E. None of the above
F. All of the above
18. Which one of the following is considered to be the first step in the sampling process?
A. Obtain the “listing of the population
B. Define the relevant population.s
C. Design the sample plan (size, method).
D. Draw the sample.

Part III- Short answer Questions (10%)

Instruction: Discuss the following questions properly and write your answers with a clear
handwriting on the answer sheet.

1. Define what a research problem and write a practical research problem of your own and
formulate a research topic from it.
2. Write down the two types of sampling techniques and explain their main diffence in
brief.

Bonus Question (5%)

Write down the main elements of a research proposal

 Name_______________________________________________________
[Link].______________________________________________________
Section______________________________________________________
Program (Extension/Weekend)___________________________________

Answer Sheet

Part I- TRUE or FALSE

1.___________________ 2.___________________
3.___________________ 4.___________________
5.___________________ 6.___________________
7.___________________ 8.___________________
9.___________________ 10.__________________

Part II- Multiple Choice

1.___________________ 2.____________________
3.___________________ 4.____________________
5.___________________ 6.____________________
7.___________________ 8.____________________
9.___________________ 10.____________________
11.__________________ 12,____________________
13.__________________ 14.____________________
15.__________________ 16.____________________
17.__________________ 18.____________________

Part III- Short Answer

1.
2.

Bonus Question