The Most Important Advantage(s) of Secondary Data Is(are) That

question 33

Multiple Choice

The most important advantage(s) of secondary data is(are) that:

• A) it is appropriate for many purposes.
• B) it is usually more thoroughly tested and evaluated.
• C) it may involve additional field and office personnel.
• D) there could be possible cost and time savings.
• E) it provides a welcome rest in the library.

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Definitions:

Total Area

The entire surface area of a two-dimensional shape or the combined surface areas of all faces of a three-dimensional object.

Ratio

The quantitative relation between two amounts, showing the number of times one value is contained within the other.

Average Cost Function

A function that calculates the total cost of producing goods divided by the quantity of goods produced.

Setup Cost

The initial expenses required to start a project or establish a new production line.