Which of the Following Is True Regarding Secondary Data

question 69

Multiple Choice

Which of the following is true regarding secondary data?

• A)Obtaining secondary data is more expensive than collecting primary data.
• B)It should always be sought second,after primary data.
• C)It refers to data that has already been collected.
• D)It takes a lot of time to collect secondary data.
• E)It is collected specifically for solving the problem at hand.

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Definitions:

Lower Management

The lowest level of management in an organizational hierarchy responsible for supervising the daily operations and reporting to middle management.

Middle Management

Middle management refers to the level of management in an organization that serves as the intermediary between the executive leadership and the operational staff, responsible for implementing strategies and policies.

Achievable Performance

A realistic level of outcome that can be attained within a given time frame under assumed conditions.

Cash Budget

A financial plan that estimates cash inflows and outflows over a specific period of time, often used for managing company liquidity.