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ASSIGNMENT
DRIVE SPRINGH 2014
PROGRAM MBADS / MBAN2 / MBAHCSN3 / MBAFLEX – (SEM 3)
PGDENMN /PGDFMN/ PGDHRMN / PGDHSMN / PGDIB /
PGDISMN / PGDMMN / PGDOMN / PGDPMN /PGDROMN
/ PGDSCMN / PGDTQMN – (SEM 1)
SUBJECT CODE & NAME MB0051-Legal Aspects of Business
BK ID B1725
CREDITS 4
MARKS 60
Note: Answer all questions. Kindly note that answers for 10 marks questions should be
approximately of 400 words. Each question is followed by evaluation scheme.
Q1. Briefly describe the different steps involved in a research process. Distinguish between
descriptive and causal research studies.
Answer : Meaning of Research:
In Business, research involves establishing objectives and gathering relevant information to obtain
the answer to a business issue. You can conduct business research to answer a business-related
question, such as: What is the target market of my product? Business research can also be used to
solve a business-related problem, such as determining how to decrease the amount of excess
inventory on hand. Adequate planning and information-gathering are essential to derive results for
your business.
Steps :
Q2. Distinguish between primary and secondary methods of data collection. Explain the Interview
method of data collection.
Answer : Primary data can be collected by using experiments, surveys, questionnaires, interviews,
and observations. If you’ve already gathered this information, we can then analyze it and then come
up with accurate results based on your needs. But if you haven’t already gotten this information
together, no problem! We can also help with that step of data collection as well.
Secondary data comes from resources that have

2. Q3. a. Discuss four types of measurement scales with examples.
Answer : There are four measurement scales (or types of data): nominal, ordinal, interval and
ratio. These are simply ways to categorize different types of variables. This topic is usually
discussed in the context of academic teaching and less often in the “real world.” If you are brushing
up on this concept for a statistics test, thank a psychologist researcher named Stanley Stevens for
coming up with these terms. These four measurement scales (nominal, ordinal, interval, and ratio)
are best understood with example:
Nominal
b. Briefly explain the concepts of reliability, validity and sensitivity.
Answer : Reliability
The reliability of an assessment tool is the extent to which it consistently and accurately measures
learning.
When the results of an assessment are reliable, we can be confident that repeated or equivalent
assessments will provide consistent results. This puts us in a better position to make generalised
statements about a student’s level of
Q4. a. Distinguish between:
i. Schedules and Questionnaires
Answer : 1. The questionnaire can be sent via mail but the schedule is done only Personally
2. The questionnaire is a cheaper method than schedule (for schedule you have to move everywhere
3. The questionnaire can be returned without answering all the questions but, in schedule,
enumerator ensures the filling all the questions.
4. The questionnaire can be filled by anyone but the schedule is always filled by enumerator.
5. Respondent should be literate & co-operative in Questionnaire but schedule can be filled by
illiterate.
b. What are the different modes of administering a questionnaire? What are the conditions that
merit the use of one over the other? Discuss by using suitable examples.
Answer : Main modes of questionnaire administration are:
 Face-to-face questionnaire administration, where an interviewer presents the items orally.
 Paper-and-pencil questionnaire administration, where the items are presented on paper.
 Computerized questionnaire administration, where the items are presented on the
computer.

Q5. a. What is the analysis of variance? What are the assumptions of the technique? Give a few
examples where the techniques could be used.
Answer : Analysis of Variance (ANOVA) is a statistical method used to test differences between two
or more means. It may seem odd that the technique is called "Analysis of Variance" rather than

3. "Analysis of Means." As you will see, the name is appropriate because inferences about means are
made by analyzing variance.
Assumptions of Analysis of Variance (ANOVA)
b. The following data represents the number of units produced by four operators during three
different shifts:
Shifts Operator
A B C D
I 10 8 12 13
II 10 12 14 15
III 12 10 11 14
Perform a two-way analysis of variance and interpret the result.
Answer : Two-way ANOVA determines how a response is affected by two factors. For example, you
might measure a response to three different drugs in both men and women.
Q6. Explain the three basic principles of professional ethics that any research must follow. How do
you follow an ethical practice while collecting information from the respondents?
Answer : Fundamental principles of professional ethics
1) Integrity
A professional accountant should be straightforward and honest in all professional and business
relationships.
2) Objectivity
A professional accountant should not allow bias, conflict of interest or undue influence of others to
override professional or business judgments.
3) Professional competence and due care
Dear students get fully solved assignments
Send your semester & Specialization name to our mail id :
“ help.mbaassignments@gmail.com ”
or
Call us at : 08263069601
(Prefer mailing. Call in emergency )