The Distinction Between Internal and External Secondary Data Is Based

question 103

Multiple Choice

The distinction between internal and external secondary data is based on the ________.

• A) purpose of the data collection process (past research or new research project)
• B) focus of the data (company or industry)
• C) firm collecting the data (government or commercial research house)
• D) source of the data (within or outside the firm)

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Definitions:

Fringe Benefits

These are additional compensations provided to employees beyond their regular salaries, such as health insurance, car allowances, or retirement benefits.

Merit Pay Systems

Incentive programs that reward employees based on their performance and productivity.

Profit-Sharing Plans

A compensation strategy where employees receive a share of the company's profits, aligning their interests with the company's performance and fostering a team-oriented culture.

Job Attitudes

Refers to the feelings and beliefs employees have about their work, which can influence their behavior and performance.