Two Important Advantages of Secondary Data Are That It Is

question 181

Multiple Choice

Two important advantages of secondary data are that it is __________ and __________.

• A)inexpensive; up-to-date
• B)up-to-date; supplies all relevant categories of information
• C)inexpensive or free; saves time
• D)tailor-made to specifications; relatively inexpensive
• E)highly credible; up-to-date

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Definitions:

Goodwill

An intangible asset representing the value of a company's brand, customer relationships, employee relations, and other non-physical assets.

Intangible Asset

An asset that lacks physical substance but is still valuable because of its potential economic benefits, such as patents or trademarks.

Amortized

The process of spreading out a loan or intangible asset cost over a fixed period in regular installments, covering interest and principal payments.

Salvage Value

The anticipated market value of an asset at the conclusion of its operational lifespan.