Which of the Following Statements About Secondary Data Is True

question 44

Multiple Choice

Which of the following statements about secondary data is true?

• A) It is more expensive to gather than primary data.
• B) Findings are always valid even if they are not always reliable.
• C) It is more time consuming to gather than primary data.
• D) Most of the available information is relevant to the problem at hand.
• E) Information may be out of date and therefore obsolete.

Interpret personnel and direct labor expenses in planning budgets across different months.

Analyze selling and administrative expenses within budgeting contexts.

Comprehend the calculation and implications of spending variances for specific cost categories.

Assess the impact of occupancy, facility, and supplies expenses on flexible budgets.

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Definitions:

Behaviorism

A theory of learning which states that all behaviors are acquired through conditioning, emphasizing the role of environmental factors in shaping behavior.

World War II

A global conflict that occurred from 1939 to 1945, involving most of the world's nations and marked by significant events and atrocities, including the Holocaust.

Higher Needs

In Maslow's hierarchy, these are psychological needs relating to self-fulfillment, such as self-actualization and esteem needs, considered more complex than basic physiological or safety needs.

Actual Survival

The real, physical continuation of life or existence, especially under adverse conditions.