The scientific method is a systematic method of investigation, evaluation, experimentation, interpretation and theorizing. It is characterized by critical discrimination generally and system, and empirical verification, according to wolfe. Generally speaking, the scientific method is characterized by a systematic study, based on theory and facts, universality or generality, objectivity of observation, predictability of results, and verifiability of the phenomenon. It consists of a number of formalities and procedures, which are time consuming. Time management is the basic requirement for the ...

Error is defined as , “an act, assertion, or belief that unintentionally deviates from what is correct, right, or true”. In a business research process, there is sure to be some error in the results because there is the involvement of human intelligence and the use of sampling methods that may not be always accurate. The absolute value of the difference between an unbiased point estimate and the corresponding population parameter is known as a sampling error. It arises because the data is collected from a part, rather than the whole of the population. The sampling error can be more ...

Research is an academic activity and as such the term should be used in a technical sense. According to Clifford woody research companies defining and redefining problems, formulating hypothesis or suggested solutions; collecting, organizing and evaluating data; making deductions and reaching conclusions; and at last carefully testing the conclusions to determine whether they fit the formulating hypothesis. Research is, thus, an original contribution to the existing stock of knowledge making for its advancement. It is the persuit of truth with the help of study, observation, comparison and ...

Research is a source which can be draw upon to make a substantial contribution to the body of the knowledge; research should be followed by some sort of original contribution. The primary stage of any research process includes: Observation: Research start with observation, which leads to curiosity to learn more about what has been observed. Observation can either be unaided visual observation or guided and controlled observation. Sometimes a casual or associated observation leading to substantial research and a great invention. Deliberate and guided observation can also form the basis ...