Which of the Following Is Not a Disadvantage of Secondary

question 18

Multiple Choice

Which of the following is not a disadvantage of secondary data?

• A) Secondary data may not be completely current or dependable.
• B) Secondary data may be lacking in accuracy.
• C) Secondary data may be expensive and time consuming.
• D) The objectives, nature, and methods used to collect the secondary data may not be appropriate to the present situation.

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Definitions:

Revenues

The overall income earned from transactions of goods or services central to a business's core functions.

Operating Revenues

The income earned from a company's main business operations, excluding income from investments or secondary sources.

Operating Expenses

The costs associated with the normal operations of a business, excluding costs related to producing goods or services, like rent, utilities, and salaries.

Interest Expense

The cost incurred by a company for borrowed funds, shown as an expense on the income statement.