Which of the Following Is an Inaccurate Description of Secondary

question 26

Multiple Choice

Which of the following is an inaccurate description of secondary data use in global markets?

• A)It was not gathered specifically for the research project at hand.
• B)It is often so expensive that small companies cannot afford to access it.
• C)It can be accessed quickly.
• D)A great deal is available from government agencies.
• E)It cannot be retrieved online.

---

Definitions:

Private Companies

Companies owned by individuals or groups that are not traded publicly and whose shares are not available on the stock market.

Public Companies

Companies whose shares are traded freely on a stock exchange, subject to regulatory reporting requirements and disclosure to the public.

IFRS

International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board (IASB).

Accounting Policies

The distinct guidelines, foundations, methods, regulations, and procedures employed by an organization in the creation and disclosure of financial reports.