The Distinction Between Primary and Secondary Data Is Defined by the

question 46

Multiple Choice

The distinction between primary and secondary data is defined by the

• A)method of collection.
• B)purpose of the investigation.
• C)form used for collection.
• D)group sponsoring the collection.
• E)type of data collected.

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Definitions:

Industries

Broad sectors of the economy categorized according to their primary business activities, such as technology, healthcare, or finance.

Depreciation

The systematic allocation of the cost of a physical or tangible asset over its useful life, reflecting the asset's consumption or wear and tear.

Indirect Expense

Costs that are not directly linked to the production of goods or services but are necessary for the business's operations, such as utilities and rent.

Building

A structure used or intended for supporting or sheltering any use or continuous occupancy.