Which of the Following Is TRUE

question 54

Multiple Choice

Which of the following is TRUE?

• A)Primary data is gathered by the researcher's organization and secondary data is gathered by some other organization.
• B)The researcher should attempt to gather secondary data before initiating a search for primary data.
• C)Secondary data in a secondary source is just as accurate as secondary data in a primary source.
• D)If a researcher obtains secondary data from the party who collected them,he or she is using a secondary source of secondary data.
• E)They are all false.

---

Definitions:

Federal Income Taxation

Federal Income Taxation involves the tax levied by the Internal Revenue Service (IRS) on the annual earnings of individuals, corporations, trusts, and other legal entities in the United States.

Money Market Securities

Short-term financial instruments, typically with high liquidity and low risk, such as Treasury bills and commercial paper.

Cash Equivalents

Temporary investments with high liquidity that can be quickly converted into precise cash amounts and carry minimal risk of fluctuating in value.

Marketable

Refers to assets or securities that are easily bought or sold in the market because of their high demand, liquidity, or both.