You Should Not Use Secondary Data If

question 87

Multiple Choice

You should not use secondary data if

• A) the researcher had a vested interest in the study's outcome.
• B) appropriate procedures were used to collect the data.
• C) the data reflects a high number of responses.
• D) the data is old but remains accurate and relevant.
• E) it is confirmed by several independent sources.

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Definitions:

Fixed Cost

Fixed cost refers to a cost that does not change with the level of output or sales in the short term, such as rent, salaries, or loan payments.

Sunk Cost

Costs that have already been incurred and cannot be recovered or altered.

Incremental Revenues

Additional income received from a particular action or decision, beyond what would have been received without it.

Direct Material

Raw materials that are directly traceable and allocable to the production of goods or services.