Which of the Following Could a Company Use to Obtain

question 6

Multiple Choice

Which of the following could a company use to obtain primary data?

• A) focus groups, mall interviews, and online surveys
• B) editorials in newspapers and rankings by consumer magazines
• C) publications by Statistics Canada, surveys published by charitable organizations, and research papers written by university professors
• D) articles in newspapers, magazines, and professional journals

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Definitions:

Sale

A transaction between two parties where the buyer receives goods, services, or assets in exchange for money.

Revenue Recognition

Refers to the criteria or guidelines used by a company to recognize revenue in its financial statements, ensuring revenue is recorded when earned.

Criterion

A principle or standard by which something may be judged or decided.

Farming

The practice of cultivating land, raising crops, and/or keeping animals to produce food and other agricultural products.