Secondary Data Can Be Divided into Two Parts

question 4

Multiple Choice

Secondary data can be divided into two parts:

• A) primary data and empirical data.
• B) empirical data and observational data.
• C) psychographic data and demographic data.
• D) demographic data and observational data.
• E) internal secondary data and external secondary data.

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Definitions:

Traditional Format Income Statement

A financial statement that shows a company's revenues, expenses, and profits, typically starting with sales and subtracting cost of goods sold and other expenses.

Merchandise Inventory

The total value of goods held by a company for the purpose of resale.

Selling Expenses

Expenses directly related to the sale of goods or services, like marketing expenses and wages for sales personnel.

Administrative Expenses

Costs related to the general administration of a business, such as salaries of senior executives, legal and accounting services.