Secondary Data That Originate Inside the Organization Are Called

question 3

Multiple Choice

Secondary data that originate inside the organization are called:

• A)first order data
• B)internal and proprietary data
• C)exclusive data
• D)internal and valid data

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Definitions:

Bonds Payable

A long-term liability account that records the amounts owed by a company to bondholders, to be repaid at a future date.

Collateral

An asset pledged as security for repayment of a loan, to be forfeited in the event of default.

Secured Bonds

Bonds that are backed by collateral, providing a safer investment option with lower interest rates due to reduced risk.

Debenture Bonds

Bonds that are unsecured and are issued only on the general credit of a corporation.