Which Statement About Primary and Secondary Data Collection Is Correct

question 41

Multiple Choice

Which statement about primary and secondary data collection is correct?

• A) It is important to start your data collection by designing primary data-collection instruments.
• B) Most reports do not include secondary data.
• C) Studying secondary data can provide the researcher with sources for additional information.
• D) After collecting primary data, you will discover ways of collecting secondary research.
• E) Rediscovering existing information is preferable to spending time collecting secondary data.

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Definitions:

Debtor's Business

Refers to a business entity that owes money or other liabilities to another party, known as the creditor.

Credit Counseling

A service that assists individuals in managing their debt through financial education, budgeting, and the use of debt management plans.

Bankruptcy Petition

A legal document filed by an individual or corporate entity declaring the inability to repay outstanding debts.

Nonprofit

Organizations that operate for collective, public, or social benefit, without the goal of making profits for owners or investors.