Which Form of Data Below Can Usually Be Obtained More

question 40

Multiple Choice

Which form of data below can usually be obtained more quickly and at a lower cost than the others?

• A)primary
• B)survey research
• C)secondary
• D)experimental research
• E)observational research

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Definitions:

Expenses

Costs incurred by a business in the process of earning revenues, including operational costs, rent, utilities, and employee salaries.

Comprehensive Business Reporting

A holistic approach to reporting that combines financial, social, and environmental performance indicators to give stakeholders a more complete view of a company's activities and impact.

CFA

Chartered Financial Analyst, a professional designation given by the CFA Institute to finance and investment professionals.

Joint Conceptual Framework

A collaborative effort among accounting standards boards to establish a common conceptual foundation for the development of accounting standards.