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True or False: If the cost of the research effort exceeds the estimated benefit of the decision, research is most
likely warranted.
True
False

Ask by Stanley Best. in the United States
Jan 24,2025

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False.

Solución

False.
If the cost of conducting research exceeds the estimated benefits derived from the decision, it typically means that the research is not economically justified. In such cases, the resources spent on research may not provide sufficient returns, making the effort unwarranted. Effective decision-making often involves a cost-benefit analysis to ensure that the benefits outweigh the costs.

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The Deep Dive

False! If the cost of the research effort exceeds the estimated benefit of the decision, it usually means that you might be throwing good money after bad. Research should ideally provide valuable insights that outweigh the cost. So, always consider the cost-benefit ratio before investing time and resources into research!
It’s also important to remember that failing to conduct research when needed can lead to costly mistakes down the road. A well-planned research effort can save you from poor decisions that may impact your organization or project significantly. Balancing cost and benefit is key to decision-making!

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