All the Following Are True About Primary Data Except

question 17

Multiple Choice

All the following are true about primary data except:

• A) it's information that's not readily available from any existing data source.
• B) it's collected directly from the people the program will impact.
• C) it's the information missing after secondary data are analyzed.
• D) it's the first set of data collected.

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Definitions:

Standard Rate

A predetermined cost or price used as a benchmark for evaluating the efficiency or effectiveness of operations.

Spending Variance

The difference between the actual amount spent and the budgeted amount for a specific period, indicating under or overspending.

Variable Overhead

Costs that change with the level of production or service activity.

Activity Level

A metric indicating the volume or intensity of operations in a company, affecting its costs and resources.