It Is Most Accurate to Say That Secondary Data Are

question 2

Multiple Choice

It is most accurate to say that secondary data are ________.

• A)collected mostly via surveys
• B)expensive to obtain
• C)not always very usable
• D)never purchased from outside suppliers
• E)always necessary to support primary data

---

Definitions:

Joint Cost Curve

Refers to a graph showing the costs shared by products in the process of being produced together up to a split-off point.

Economies of Scope

Cost advantages that enterprises obtain due to efficient resource utilization in producing a variety of products rather than specializing in a single product.

Learning by Doing

The process of gaining skill or knowledge from direct experience or practice.

Economies of Scale

The cost advantages that enterprises obtain due to their scale of operation, which often leads to a reduced cost per unit of output.