You Are Researching Secondary Data on the Shopping Habits of Households

question 77

Multiple Choice

You are researching secondary data on the shopping habits of households for your project. You found a data source available via CD- ROM at the library. You are about to check out a(n) .

• A) online database
• B) offline database
• C) customer database
• D) internet database

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Definitions:

Excise Tax

A tax on specific goods or services, such as tobacco, alcohol, and gasoline, designed to raise revenue and/or discourage consumption of certain products.

Equilibrium

A state in which the conflicting forces of demand and supply are in balance. When a market is in equilibrium, the decisions of consumers and producers are brought into harmony with one another, and the quantity demanded will equal the quantity supplied.

Revenue

Aggregate income a company secures from its sales of products or rendering of services in a given period.

Excise Tax

A tax imposed on specific goods, services, or activities to raise revenue or discourage their use.