Chapter 2 Multiple Choice/True or False Questions

Multiple Choice

1) A prescriptive discipline that debated the question of how scientists ought to conduct research is best defined as

1. Philosophy of science
2. Revolutionary science
3. Normal science
4. A paradigm

2) When making judgments and decisions humans are tied by their information processing limitations is best defined as

1. Information processing theory
2. Bounded rationality
3. Anchoring
4. Heuristics

3) Which of these is a method of gathering data that will either support or fail to support the accuracy of a research hypothesis?

1. Knowledge production system
2. Data development method
3. Data evaluative method
4. Economic modeling

True/False

1) Agency cost is the cost incurred by principals when their agents act in the best interest of their principals. (False) (Cost incurred when the agents act with their own best interests in mind)

2) Economics is the study of the allocation of scarce resources. (True)

3) Science is those activities whose aim is to develop technologies to improve what actually is. (False) (Those activities whose aim is to reveal and describe natural phenomena)

4) Beliefs shared by the members of a given research community is called a paradigm. (True)

5) An anomolous fact is a research finding not suggested by theory and not expected. (True)