Which of the Following Is True About Secondary Data

question 70

Multiple Choice

Which of the following is true about secondary data?

• A) It is always current and, unlike primary data, it does not have to be updated.
• B) Unlike primary data, it can be obtained by using direct surveys and questionnaires by the company.
• C) It cannot provide extra information a company is looking for.
• D) It can be obtained more quickly and at a lower cost than primary data.
• E) It requires more effort compared to gathering primary data.

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Definitions:

Cash Flows

The movement of funds in and out of a business, determining its operating, investing, and financing activities' liquidity.

Lottery Prize

A financial reward won in a lottery, typically involving a large cash sum or valuable goods.

Monthly Payments

Regular payments made once a month, often used in the context of loans or leases.

Rate Of Return

The profit or deficit incurred from an investment over a chosen span of time, depicted as a fraction of the initial investment amount.