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In a Short Essay,discuss the Advantages and Uses of Secondary

question 46

Essay

In a short essay,discuss the advantages and uses of secondary data.Include a discussion of the disadvantages of secondary data to support your answer.


Definitions:

Lessor

An entity or individual that leases or rents property or assets to a lessee.

Lessee

The entity that obtains the right to use an asset under a lease agreement from the lessor.

Uses the Asset

Refers to how an asset is employed within a business or investment strategy to generate returns or benefits.

Conditional Sales Agreement Lease

A financial arrangement where the lessee acquires an asset under a lease agreement but only becomes the owner upon full payment of the lease.

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