When Determining the Necessity of Primary Data Collection, a Decision

question 11

Multiple Choice

When determining the necessity of primary data collection, a decision to determine the need for additional data and information should be based on a reevaluation and possible refinement of the assessment goals, an analysis of the findings from the existing data sources, and which of the following?

• A) Available resources to support future assessment activities
• B) A marketing study
• C) A follow-up survey after 2-3 years
• D) An analysis of the reasons for percentage gains or losses

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Definitions:

Public Good

A commodity or service that is provided without profit to all members of a society, either by the government or a private individual or organization.

Flood Control

Measures and strategies implemented to manage water levels and reduce the risk and impacts of flooding.

Tennessee Valley Authority

A federally owned corporation in the United States created in 1933 to provide navigation, flood control, electricity generation, and economic development to the Tennessee Valley, a region particularly affected by the Great Depression.

Invisible Hand

A concept introduced by Adam Smith to describe the self-regulating nature of the market economy driven by individuals' pursuit of their own self-interest.