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

When the cost of the research effort surpasses the potential benefits, it suggests that resources might be better allocated elsewhere. Engaging in such research may lead to diminishing returns, where the effort isn’t justified. It’s like trying to find a needle in a haystack but using a bulldozer—sometimes, simpler methods might unveil clearer insights without breaking the bank! To navigate these waters, it’s crucial to outline your objectives clearly and prioritize the most impactful research areas. Common pitfalls include failing to assess the scope of the research versus its associated costs or relying too heavily on untested methods that inflate expenses. Always keep in mind the golden rule: research should enhance your decision-making, not hinder it!