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:

Consumer Goods

Products that are purchased for personal use or consumption by the general public, such as clothing, food, and electronics.

Farm Products

Commodities produced through agricultural activities, such as crops, livestock, and their by-products.

Fidelity Bond

A form of insurance protection that covers policyholders for losses that they incur as a result of fraudulent acts by specified individuals, typically employees.

Corporate Funds

Money or financial resources that belong to a corporation and are used for its business operations and activities.