Question

As companies move from data to knowledge they will start to include more and more variables for analysis resulting in better, more precise support for _____________.

A. Decision making
B. Problem solving
C. Both A & B
D. None of the above

Answer 1

Incorporating more variables for analysis supports both decision making and problem solving. Case study results aren't generally applicable, and a price ceiling doesn't shift demand or supply. Symbolic interactionists typically use participant observation for research. Option C is correct.

Step-by-step explanation:

As companies transition from data to knowledge, they will begin to incorporate a larger number of variables for analysis to provide better, more accurate support. The correct answer to the student's question is C. Both A & B, meaning that more variables in analysis lead to improved support for decision making and problem solving.

Regarding case studies, they are known to provide in-depth results but those results are not generally applicable to larger populations, which means the best answer is b. Its results are not generally applicable. When discussing a price ceiling, it is a regulatory measure that does not shift demand or supply. Therefore, a price ceiling will usually shift d. neither.

Lastly, a symbolic interactionist is most likely to utilize b. Participant observation as a research technique because it aligns well with studying the complex relationships and meanings within a society.