Secondary Data Are the

question 209

Multiple Choice

Secondary data are the

• A) facts and figures that have already been recorded before the project at hand.
• B) facts and figures that are newly collected for the project at hand.
• C) facts and figures obtained by watching people mechanically rather than in person.
• D) facts and figures obtained by asking people questions through the use of information technology.
• E) conclusions developed from information obtained from a representative sample of a population.

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Definitions:

Global Optimization

Global Optimization is the process of finding the best possible solution or achieving the highest efficiency across all possible solutions in a given mathematical model or situation.

Decentralized Supply Chain

A supply chain management strategy where decisions and activities are distributed among various stakeholders or units instead of being centrally controlled, allowing for flexibility and localized decision-making.

Drop Shipping

A retail fulfillment method where a store doesn't keep the products it sells in stock. Instead, when a store sells a product, it purchases the item from a third party and has it shipped directly to the customer.

Carpet Manufacturer

A company that specializes in the design, production, and distribution of carpets and rugs for various applications.