Which of the Following Is True About Secondary Data

question 70

Multiple Choice

Which of the following is true about secondary data?

• A) It is always current and, unlike primary data, it does not have to be updated.
• B) Unlike primary data, it can be obtained by using direct surveys and questionnaires by the company.
• C) It cannot provide extra information a company is looking for.
• D) It can be obtained more quickly and at a lower cost than primary data.
• E) It requires more effort compared to gathering primary data.

Understand the basics of standard costing system including its components and calculations.

Calculate and analyze direct material price variances.

Analyze and calculate variable manufacturing overhead variances, including rate and efficiency variances.

Calculate and interpret direct labor variances, including rate and efficiency variances.

---

Definitions:

Financial Theories

Concepts and models that explain how financial markets operate, including how securities are priced and how financial decisions impact markets.

IPO

stands for Initial Public Offering, the process by which a private company goes public by offering its shares to the general public for the first time.

Bargaining Power

The capability of one party in negotiations to influence the terms and conditions in their favor.

Cash Flow

The total amount of money being transferred into and out of a business, considered essential for maintaining operations and fulfilling financial commitments.