Which of the Following Types of Data Are Commercial Sources

question 21

Multiple Choice

Which of the following types of data are commercial sources, trade associations, management groups, and state and local governments a good source of?

• A) Referential data
• B) Secondary data
• C) Tertiary data
• D) Parallel data
• E) Derived data

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Definitions:

Payment

The transfer of money, goods, or services as compensation for an obligation or debt.

Collateral

refers to assets pledged by a borrower to secure a loan or other credit, and subject to seizure in the event of default.

Tangibles

Physical assets that can be touched and seen, such as machinery, buildings, and land, as opposed to intangible assets like stocks or patents.

Set Off

A legal defense that allows a debtor to counterbalance a claim from a creditor with a claim of their own against the creditor.