__________ Consists of Information That Has Already Been Researched by Others

question 10

Multiple Choice

__________ consists of information that has already been researched by others and published in journals or books,or has been made available online.

• A) Primary data
• B) Secondary data
• C) Pre-coded information
• D) Technical data
• E) Internet information

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Definitions:

Profits

The financial gain realized when the amount earned from a business activity exceeds the expenses, costs, and taxes involved in sustaining the activity.

Output

The total amount of goods or services produced by a company, industry, or economic system.

Marginal Costs

The additional cost incurred to produce an extra unit of a product or service.

Average Costs

The total costs of production divided by the number of units produced, representing the cost per unit.