One Disadvantage of Secondary Data Is That ____

question 57

Multiple Choice

One disadvantage of secondary data is that ____.

• A)the user has no control over their reliability and validity
• B)the data cannot be converted
• C)it typically requires additional access to research respondents
• D)it takes more time to collect than primary data

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Definitions:

Spending Variances

Differences between the actual spending and the budgeted or planned spending in a given period, often analyzed in cost and managerial accounting.

Customers Served

The number of clients or customers that have been provided with services or goods by a business within a certain timeframe.

Revenue

The aggregate revenue produced from the sales of goods or services central to a company's main business activities.

Spending Variances

An analysis that breaks down the discrepancy between what was budgeted for expenses and what was actually spent, providing insights for financial management.