In Evaluating the Accuracy of Secondary Data,all of the Following

question 57

Multiple Choice

In evaluating the accuracy of secondary data,all of the following are important to consider except

• A) the source of the data
• B) the date the data were collected
• C) the purpose of the publication of the data
• D) general evidence regarding the quality of the data, such as research design

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Definitions:

Output

The total quantity of goods or services produced by a company, industry, or economic system.

Price

The amount of money required to purchase a good, service, or asset, determined by factors like supply and demand, production costs, and market competition.

Economies Of Scale

The cost advantage that arises with increased output of a product, where the cost per unit decreases as production expands.

Financial Resources

Funds available to a business or individual for spending in the form of cash, liquid securities, and credit lines.