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A sample is a representative part of a population. If the sample fails to represent the population adequately, then there is every chance of drawing wrong inference about the population based on such sample because of the fact that it will overestimate or underestimate some population characteristics.

This unit covers the competencies required to manage finances in an organisation. Competencies include: Applying finance concepts in evaluating financial implications of relevant business decisions, applying time value of money principles in evaluating financing and investment decisions, evaluating appropriate source of business finance, applying appropriate capital budgeting techniques, maintaining liquidity through appropriate working capital management, applying risk and return concepts in making optimal investment decisions, identifying concepts that inform the dividend decision making process and identifying finance and investment opportunities using Islamic finance concepts

The objective of a research is to search the hidden truth of the universe for the betterment of humanity. In doing, so a population is studied by its characteristics. The different characteristics of any population are also different in nature. If one wants to study the students (population), then the characteristics of these students are required to be studied.

As it has already been mentioned, the primary data are original in nature and collected with specific objectives in mind. Thus, the methods of the collection of primary data play a vital role in a research process. It requires an efficient planning and execution. Depending upon the type of a research design, primary data may be obtained from experimental fields or through a survey type of study. Experiment is an investigation to explore the hidden fact under the objectives

A hypothesis is a specific statement of prediction. It describes in concrete (rather than theoretical) terms what you expect will happen in your study. Not all studies have hypotheses. Sometimes a study is designed to be exploratory (see inductive research).

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