When Determining the Necessity of Primary Data Collection,a Decision to Determine

question 17

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:

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

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Definitions:

Pension Scheme

A plan or fund that provides retirement income to employees, funded by contributions from employer, employee or both.

Related Party

Individuals or entities that have a connection to the reporting entity that could influence the financial and operating policies of the entity.

Domestic Partner

An individual who lives with another in a long-term relationship similar to a marriage, recognized by some jurisdictions for legal and financial benefits.

Reporting Entity

An entity that is required, or chooses, to prepare financial statements.