Which of the Following Statements About Secondary Data Is True

question 81

Multiple Choice

Which of the following statements about secondary data is true?

• A) Secondary data is more costly to gather than primary data.
• B) Secondary data is always valid even if they are not always reliable.
• C) Secondary data is more time consuming to gather than primary data.
• D) The wealth of secondary data available guarantees the researcher will do a good job.
• E) Secondary data carries potential problems like out of date, obsolete information.

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Definitions:

Face Value

The nominal value printed on a bond, currency, or ticket, which may differ from its market value or purchase price.

Rational Investor

An individual who makes investment decisions based on logic and factual analysis rather than emotion or hearsay, aiming to maximize returns while minimizing risks.

Face Value

The nominal value or dollar value printed on a security, such as a bond or stock, which indicates its worth at issuance or maturity.

Interest Payment

A payment made to a lender by a borrower in exchange for the use of borrowed money, typically a percentage of the principal.