Which of the Following Is True Regarding Secondary Data

question 1

Multiple Choice

Which of the following is true regarding secondary data?

• A)It is rare for a marketing research project to be conducted without including some secondary data.
• B)Some research projects may be totally based upon secondary data.
• C)There can be many uses of secondary data.
• D)Secondary data have many applications including economic trend forecasting and competitive intelligence.
• E)all of the above are true

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Definitions:

Labor Rate Variance

The difference between the actual labor costs incurred and the expected (or standard) labor costs for the production achieved.

May

Not a term that needs defining within the given context.

Labor Efficiency Variance

The variance between the number of hours actually worked and the expected standard hours needed to achieve a specific output level, calculated using the standard labor rate.

November

The eleventh month of the Gregorian calendar, often associated with autumn in the Northern Hemisphere and spring in the Southern Hemisphere.