Which of the Following Is True Regarding Primary Research

question 61

Multiple Choice

Which of the following is true regarding primary research?

• A)It reduces data collection costs.
• B)It saves data collection time because the data is readily available.
• C)It offers behavioural insights generally not available from secondary research.
• D)The information obtained from this research may not be as timely as needed.
• E)The information obtained from this research may not be relevant to the company's
• Information needs.

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Definitions:

Social Security

A government program designed to provide financial support to individuals during retirement, disability, or upon the death of a breadwinner.

Highway Building

The process of designing, creating, and constructing roads and highways, often undertaken to improve transportation infrastructure.

Corporate Profits

The net income of corporations after all costs, taxes, and expenses have been deducted.

Net Interest

The difference between the interest paid by a financial entity on its borrowings and the interest received from its lending and investment activities.