Even Though Primary Data Can Be Especially Valuable to an Individual

question 103

Multiple Choice

Even though primary data can be especially valuable to an individual firm,secondary data is often used because

• A)secondary data are much more up-to-date and tailored to a specific firm or industry.
• B)secondary data,although far more expensive,are also much more reliable.
• C)primary data are usually more costly and time consuming to collect.
• D)primary data can be accessed by virtually anyone so the information generated loses much of its value.
• E)primary data are less fact and figure based;they are more subjective and therefore more vulnerable to misinterpretation.

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Definitions:

Setup Program

Software used to install a new application or software package onto a computing device, guiding the user through the installation process.

Perpetual-License

A perpetual license is a type of software licensing model that allows an individual or organization to use a software program indefinitely with a one-time purchase and without paying subscription fees.

ASCII Code

A system for representing text in electronic devices and computers, used for digital communication.

System Requirements

The minimum hardware and software specifications needed for a computer application to run efficiently.