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.

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Definitions:

Categorical

Pertaining to data that can be divided into specific groups or categories that lack a natural ordering.

Nominal Variable

A type of variable that represents categories with no intrinsic ordering or ranking among them, used for classification or grouping.

Variable

An element, feature, or factor that is liable to vary or change.

Arbitrary Numbers

Numbers chosen without any particular reason or pattern, often used in examples or theoretical discussions.