Which of the Following Is True Regarding Secondary Data

question 100

Multiple Choice

Which of the following is true regarding secondary data?

• A) It is more expensive than primary data.
• B) It is data that had previously been collected for other purposes.
• C) It is always available for strategy-specific research questions.
• D) It has limited sources which makes the process of gathering data difficult.

---

Definitions:

End-Of-Period Spreadsheet

A document used in accounting to compile all balance sheet and income statement accounts at the end of a reporting period.

Net Income

The total profit of a company after all expenses, taxes, and costs have been deducted from total revenue.

End-Of-Period Spreadsheet

A tool used in accounting to compile all balances and adjustments at the period's end before generating financial statements.

Adjusted Trial Balance

A listing of all company accounts that will appear in the financial statements after adjusting entries are made, ensuring that total debits equal total credits.