Which of the Following Is an Example of Primary Data

question 27

Multiple Choice

Which of the following is an example of primary data?

• A)Annual data obtained from government data sources
• B)Data obtained from a marketing survey
• C)Huge data repositories in the Internet
• D)Research data obtained from historical business press

Recognize the limitations and challenges of implementing activity-based costing.

Understand the notion of activity-based management and its focus on eliminating waste.

Differentiate between traditional costing and activity-based costing systems.

Understand the weighted-average method in process costing.

---

Definitions:

Distribution

The process by which something is spread or dispersed over a certain area or among a group.

Mean

The average value in a set of numbers, determined by dividing the sum of all values by the count of numbers.

Distribution

The process of giving out something to multiple recipients, or the statistical arrangement of values within a dataset.

Mode

The value that occurs most frequently in a given set of data.