Which of the Following Is True with Regard to Gathering

question 104

Multiple Choice

Which of the following is true with regard to gathering secondary data?

• A) Gathering secondary data involves costly fees to government agencies.
• B) Commercial online databases contain primary rather than secondary data.
• C) Internet search engines can be useful sources of relevant secondary data.
• D) It is illegal for firms to purchase secondary data from outside suppliers.
• E) Secondary data eliminates the need for primary data in most cases.

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Definitions:

Break-even Sales

The amount of revenue required to cover both the variable and fixed costs of production, resulting in no profit or loss.

Fixed Expenses

Costs that do not vary with the level of production or sales volume, such as rent or salaries.

Segmented Income Statement

An income statement broken down into segments or divisions of a company, allowing for analysis of profitability by segment.

Net Operating Income

The total profit of a business after deducting operating expenses but before subtracting any interest or taxes.