The Main Advantage of Primary Data Is That They

question 22

Multiple Choice

The main advantage of primary data is that they:

• A)are inexpensive to collect.
• B)can answer specific research questions that secondary data cannot answer.
• C)consist of data that are easily available to any interested party.
• D)are already processed and analyzed.

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Definitions:

Trade Credit

A financial agreement in which a customer is allowed to purchase goods or services and pay the supplier at a later scheduled date, effectively extending interest-free credit.

Current Liabilities

Short-term financial obligations a company is required to pay within one year or within the normal operating cycle.

Current Assets

Assets that are expected to be converted into cash, sold, or consumed within a year.

Return On Equity

A measure of financial performance calculated by dividing net income by shareholders' equity, indicating how effectively a company uses invested funds to generate profit.