Which of the Following Is Not an Advantage of Using

question 58

Multiple Choice

Which of the following is not an advantage of using secondary data?

• A) reduction in validity threats
• B) it is cheaper than collecting original data
• C) it is faster than collecting original data
• D) the researcher may benefit from the work of others established in their fields

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Definitions:

RRSP

Registered Retirement Savings Plan, a retirement savings and investing vehicle for employees and the self-employed in Canada that offers tax benefits.

Ordinary Annuity

A series of equal payments made at regular intervals, with the interest compounding at the end of each period; commonly found in retirement accounts and loan repayments.

Ordinary Annuity

A financial product resulting in payments of a fixed amount received or paid at the end of period intervals.

Compounded Monthly

The process of adding interest to the principal sum of a loan or deposit, or in other words, interest on interest, with this process happening every month.