Which of the Following Is Not a Disadvantage of Secondary

question 127

Multiple Choice

Which of the following is not a disadvantage of secondary data?

• A)the objectives, nature, and methods used to collect the secondary data may not be appropriate to the present situation
• B)may lack in accuracy
• C)may be expensive and time consuming
• D)may not be completely current
• E)may lack relevance

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Definitions:

Insurable Interest

A requirement that a person stands to suffer a financial loss or certain types of losses from the damage, loss, or destruction of the subject matter of the insurance policy.

Purchase Money Security Interest

A legal claim that allows a lender to repossess or foreclose on property if the borrower fails to pay back the loan used to purchase the property.

Grain Elevator

A facility equipped to receive, store, and often ship grain.

Bankruptcy

is a legal process through which individuals or businesses unable to pay their debts can seek relief from some or all of their financial obligations.