Secondary Data Consists of Information ________

question 21

Multiple Choice

Secondary data consists of information ________.

• A) that already exists somewhere but is outdated
• B) that does not currently exist in an organized form
• C) that already exists but was collected for a different purpose
• D) used by competitors
• E) that researchers can only obtain through surveys and observation

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Definitions:

Wage Rate

The amount of compensation workers receive for their labor per unit of time, which can be hourly, daily, or annually basis.

Efficiency Wage

Wage that a firm will pay to an employee as an incentive not to shirk.

Shirking

The behavior of employees reducing their effort or productivity, especially when their work effort is unmonitored or difficult to measure.

Unemployment

The situation in which individuals who are capable of working and are actively seeking employment are unable to find a job.