Which of the following is true regarding Data Acquisition
A) Because data acquisition is often technical, the research team does not need to be involved and it can be outsourced to external professionals.
B) A data acquisition plan is not needed because the process can be very flexible to accommodate changes that occur as the research unfolds.
C) Data acquisition should follow a detailed collection plan that is set in advance.
D) Existing data sets from other researchers can be used without restriction.
The Correct Answer for the given question is option C) Data acquisition should follow a detailed collection plan that is set in advance.
Answer Explanation for Question: Which of the following is true regarding Data Acquisition
Data acquisition should follow a detailed collection plan that is set in advance.
Collection plans guide professionals in the acquisition of information. An explanatory list of online resources and sources is provided, as well as tips for searching and retrieving information effectively.
It is imperative that the plan contain as much detail as possible, beginning with a general overview of the types of collection systems that will be used.
Data Collection Plans are developed to collect baseline data as well as data that provide clues to root causes. The plan includes where to collect data, how to collect it, when to collect it, and who will collect it.
Each measure has a plan, which provides informative details such as operational definitions and sampling plans.
As part of this collection plan, you should specify what data needs to be collected, how it will be collected, when it will be collected, and who is responsible for collecting and managing it.
All necessary data is collected in this way, and errors and inconsistencies in the data are minimized. Also, ensure that a clear plan is in place for storing, analyzing, and reporting the collected data.
Additionally, the collection plan should include measures to ensure the data being collected is accurate and of high quality. Standardized methods and tools may be used, regular checks and audits may be conducted, and personnel may be trained on proper data collection methods.
Furthermore, data collection has ethical implications, such as obtaining informed consent from participants and protecting their privacy.
To ensure that data collection is completed in a timely and efficient manner, and to minimize the risk of errors or inconsistencies, it is crucial to have a clearly defined collection plan before acquiring data.
In addition to making it easier to analyze and interpret the data, a well-organized collection plan also makes it easier to inform stakeholders about the results.
In general, a well-crafted collection plan is an integral part of any data collection process, and is essential to ensuring the validity and reliability of the collected data.
Option A) Because data acquisition is often technical, the research team does not need to be involved and it can be outsourced to external professionals.
This option is not correct. Data acquisition is a critical phase in research, and it involves not only technical aspects but also a deep understanding of the research objectives. While technical experts can be involved, the research team should also actively participate in data acquisition.
Outsourcing data acquisition entirely to external professionals can lead to issues such as misalignment with research goals, inadequate data quality control, and a lack of domain-specific knowledge that is essential for meaningful data collection.
Option B) A data acquisition plan is not needed because the process can be very flexible to accommodate changes that occur as the research unfolds.
This option is not correct either. Data acquisition plans are crucial in research because they provide a structured framework for collecting data. Flexibility is essential, but it should be within the confines of a well-defined plan.
Without a plan, researchers may gather inconsistent or irrelevant data, making it challenging to draw meaningful conclusions. Having a detailed data acquisition plan helps maintain focus on research objectives, ensures data consistency, and minimizes the risk of collecting unnecessary or redundant information.
Option D) Existing data sets from other researchers can be used without restriction.
This option is not correct as well. While using existing data sets from other researchers can be valuable, it is essential to adhere to ethical and legal considerations. Researchers must obtain the necessary permissions and follow any restrictions imposed by the original data providers.
Additionally, researchers should carefully evaluate the quality and relevance of existing data sets to ensure they align with their research objectives. Using data without appropriate permissions or without considering its suitability can lead to ethical and legal issues and compromise the validity of the research.
Now, let’s explain why option C) is the correct answer in detail.
Option C) Data acquisition should follow a detailed collection plan that is set in advance.
This option is correct for several reasons.
Firstly, having a detailed data acquisition plan is crucial for ensuring that the research objectives are met effectively. A well-structured plan defines what data needs to be collected, how it should be collected, and why it is essential.
It helps researchers stay focused on their goals and minimizes the risk of collecting irrelevant or unstructured data.
Secondly, setting a collection plan in advance provides a roadmap for the entire research process. It helps allocate resources efficiently, including time, personnel, and equipment. This ensures that the data collection process runs smoothly and within the allocated budget.
Thirdly, a detailed plan allows for better quality control during data acquisition. It outlines data collection procedures, standards, and protocols, which helps maintain data accuracy and consistency.
Researchers can establish checks and balances to identify and rectify any issues that may arise during the data collection process.
Fourthly, having a pre-defined plan is beneficial for reproducibility and transparency in research. Other researchers can replicate the study more easily when the data acquisition process is well-documented and structured. This enhances the credibility and trustworthiness of the research findings.
Fifthly, a detailed collection plan also aids in addressing ethical and legal considerations. Researchers can ensure that they have obtained the necessary permissions, followed ethical guidelines, and adhered to data protection regulations. This reduces the risk of ethical violations and legal complications.
In summary, option C is the correct answer because data acquisition in research should follow a detailed collection plan that is set in advance.
This approach ensures that research objectives are met efficiently, resources are allocated effectively, data quality is maintained, the research is reproducible, and ethical and legal considerations are addressed.
Options A, B, and D are not correct because they do not emphasize the importance of planning and structured data acquisition, which is essential for rigorous and reliable research.
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MBA,BBA.
I am Smirti Bam, an enthusiastic edu blogger with a passion for sharing insights into the dynamic world of business and management through this website.
I hold a MBA degree from Presidential Business School, Kathmandu, and a BBA degree with a specialization in Finance from Apex College,
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