________ Is Original Data Collected by Individual Researchers or Organizations

question 59

Multiple Choice

________ is original data collected by individual researchers or organizations to meet specific objectives.

• A) Reliable data
• B) Valid data
• C) Secondary data
• D) Objective data
• E) Primary data

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Definitions:

Opportunity Cost

The missing out on potential benefits from other options when selecting one path.

Marginal Product

The additional output that is produced by using one more unit of a given input.

Vertical Axis

The vertical axis in a graph or chart is the y-axis, representing the quantity or degree of the variable measured.

Capital Market

A financial market in which long-term debt or equity-backed securities are bought and sold, different from the short-term funds seen in the money market.