Compared to Primary Data, the Two Advantages of Secondary Data

question 46

Multiple Choice

Compared to primary data, the two advantages of secondary data are they

• A) can be gathered quickly and inexpensively
• B) are generally more objective and accurate
• C) are generally more objective and accurate.
• D) are always internal to the firm and more relevant to the firm's problems
• E) none of the above

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Definitions:

Division Manager

A managerial position responsible for overseeing a specific division within a company, making key decisions related to that segment's operation.

Overall Company Income

The total earnings generated by a company, encompassing all sources of income before deductions or taxes.

Profit Center

A division or segment of a company that is directly responsible for generating its own revenues and profits, often evaluated on its individual financial performance.

Investment Center

A segment or area of a business responsible for generating revenue as well as controlling its own costs and investments.