Sample Solution

5) Financial statements are analyzed only on the basis of ratios. The ratios can’t be taken as ultimate judgment of company’s financial position.

1.5 RESEARCH METHODOLOGY

“A careful investigation or enquiry especially through search for new facts in any branch of knowledge.”

MEANING-

Research methodology is a way to systematically solve the research problem. It may be understood as a science of the study how research is done scientifically. The various steps that are generally adopted by researcher in study his research problem along with the logic behind them. It is necessary for the researcher to know not only the research method or techniques but also the methodology. Thus when we talk of research methodology we not only talk at the research methods but also consider the logic behind the methods we use in the contest of our research and explain why we are using particular method or techniques and why we are not using other so that research are capable of being evaluate either by research himself or by other.

DATA SOURCE AND DATA COLLECTION

The task of data collection begins after a research problem has been defined. While deciding about the method of data collection to be used for the study, the researcher should keep in mind two types of data viz. Primary & Secondary.

PRIMARY DATA-

Primary data are original and first hand information. The source of such information is the individuals and the incidents around them generally.

• Information relating to the project was collected during formal and informal discussions with the proprietor of shop.
• Queries arising in due course of the project brought into the notice of concerned authority and necessary explanation and solutions are adapted.

SECONDARY DATA-