Primary Data Could Come from Which of the Following Sources

question 105

Multiple Choice

Primary data could come from which of the following sources?

• A) an estimation of sales quotas from census material
• B) an examination of the competition's annual report
• C) interviews with shoppers in a supermarket
• D) data from trade associations

---

Definitions:

Equity Method

The equity method is an accounting technique used to record investments in associate companies where the investor has significant influence but does not control the company outright, typically identified by owning 20-50% of the voting stock.

Deferred Intra-entity

Pertains to transactions between entities within the same company that are not settled immediately but are recorded and settled at a later date.

Markup Over Cost

The ratio or percentage by which a product’s selling price exceeds its cost, effectively representing the gross profit margin.

Consolidated Cost Of Goods Sold

The total cost of goods that have been sold by a parent company and its subsidiaries, presented as a single figure in consolidated financial statements.