The ________ for Primary Data Is Very Involved and the ________

question 57

Multiple Choice

The ________ for primary data is very involved and the ________ is high.

• A)collection purpose;collection time
• B)collection process;collection cost
• C)collection process;collection purpose
• D)collection cost;collection time

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Definitions:

Technologically Obsolete

A state in which a product, service, or method has become outdated due to advances in technology, making it less efficient or desirable compared to newer options.

Numerically Controlled

Pertaining to machines or processes that are operated by precise instructions coded in the form of numbers.

Simple Rate

Refers to a basic or straightforward percentage that does not involve compounding over time, typically in finance.

Salvage Value

Salvage value is the estimated residual value of an asset after it has reached the end of its useful life and is no longer useful for its original purpose.