Primary Data Has Which of the Following Characteristics Over Secondary

question 12

Multiple Choice

Primary data has which of the following characteristics over secondary data?

• A)less expensive and more difficult to gather
• B)less expensive and less difficult to gather
• C)more expensive and more difficult to gather
• D)more expensive and less difficult to gather

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Definitions:

Technology Level

The current state of technological advancement and availability in a society or sector.

Resources Available

The total assets, both tangible and intangible, that are at disposal for use in the production of goods and services.

Production Possibility Frontier

A graph that shows all the maximum production possibilities of two or more products based on certain inputs.

Bowed Out

A phrase indicating withdrawal or retreat from a competition, situation, or commitment.