________ Is Already Existing Information That Was Originally Gathered for a Research

question 35

Multiple Choice

________ is already existing information that was originally gathered for a research purpose other than the present research.

• A) Explanatory data
• B) Primary data
• C) Qualitative data
• D) Test data
• E) Secondary data

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Definitions:

Opportunity Cost

The financial loss associated with rejecting the subsequent preferable choice when deciding or selecting amongst various options.

Specialization

The process of focusing on and becoming expert in a particular subject or skill, or of businesses, regions, or nations concentrating on producing certain goods or services.

Opportunity Cost

The cost of forgoing the next best alternative when making a decision, essentially what is given up when choosing one option over another.

Specialization

The practice of focusing effort on a particular field or discipline, leading to increased efficiency and expertise in that area.