Which of the Following Is a Difference Between Primary Data

question 37

Multiple Choice

Which of the following is a difference between primary data and secondary data?

• A)​Primary data are inexpensive and save time and money, while secondary data are expensive and more time consuming.
• B)Primary data can be maintained in secrecy, while secondary data are usually available to all interested parties for relatively small fees or free.
• C)Primary data result in a mismatch between a researcher's unique problem and the purpose for which the data was collected, while secondary data result in no such mismatch.
• D)​Primary data are data that have been previously collected, while secondary data are data that have been collected for the first time.

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Definitions:

Standard Input Measures

Metrics used to set benchmarks for the amount of resources (materials, labor, etc.) required for a standard unit of production or service delivery, facilitating efficiency analysis.

Units of Output

The measure of production or work accomplished, such as the number of units produced in a manufacturing process.

Four-Way Overhead Analysis

A detailed analysis method focusing on identifying, separating, and analyzing overhead costs using four main categories or perspectives.

Fixed Overhead Budget

A budget that plans for the fixed costs associated with producing goods or services, which do not vary with production volume.