When Assessing the Quality of Secondary Data,which of the Following

question 104

Multiple Choice

When assessing the quality of secondary data,which of the following is most important?

• A)to know who the first collectors of the data were
• B)to be able to have easy access to the data
• C)to know the purpose for which the data were originally collected
• D)to know where the data is stored

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Definitions:

Poor Analysis

Inadequate or faulty examination and evaluation of data or information, leading to incorrect conclusions or understanding.

Strategy Selection

The process of deciding on a specific course of action or plan to address a particular problem or to achieve a desired goal.

Competitive Advantage

Refers to the unique edge a business has over its competitors, allowing it to generate greater sales or margins and/or retain more customers.

Strategic Management Process

A comprehensive approach to planning, executing, monitoring, and adapting strategies that guide an organization in maintaining competitive advantage.