Secondary Data Can Be Further Broken Down into ________ and ________

question 28

Multiple Choice

Secondary data can be further broken down into ________ and ________ data.

• A) probability; nonprobability
• B) internal; external
• C) survey; experiments
• D) primary; tertiary

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Definitions:

Variable Costs

Expenses that change in proportion to the activity of a business, such as utility bills that increase with production volume.

Cash Break-Even

The sales level where operating cash flow is equal to zero.

Fixed Costs

Fixed costs are business expenses that remain constant regardless of the level of production or sales, such as rent, salaries, and loan payments.

Selling Price

The amount at which a product or service is offered to the market.