Information That Has Already Been Collected or Published Is Called

question 65

Multiple Choice

Information that has already been collected or published is called ________ data.

• A)useful
• B)secondary
• C)primary
• D)free
• E)collective

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Definitions:

Machining Activity Pool

A collection of all costs related to machining operations, used in activity-based costing to allocate costs based on actual usage.

Machine Setups

The process or action of configuring and preparing machines for operational use, often involving adjustments for specific tasks or products.

Product Design

The process of creating a new product to be sold by a business to its customers, focusing on specifications, features, and aesthetics.

Activity-Based Costing

A costing method that assigns costs to products or services based on the activities and resources that go into creating them, aiming to provide more accurate cost information.