Considering the Two Main Types of Data, If Facts and Figures

question 6

Multiple Choice

Considering the two main types of data, if facts and figures have already been recorded before a project begins, which type of data is being used?

• A)compound data
• B)secondary data
• C)tertiary data
• D)primary data
• E)nonprobability data

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Definitions:

Average Collection Period

The average number of days it takes for a company to collect payment from its credit sales.

Common Stock

A type of corporate equity ownership, representing a portion of the stake in a company.

Market Price

The current price at which an asset or service can be bought or sold in a particular market.

Accounts Receivable Turnover

A financial ratio indicating how many times a company's receivables are turned into cash within a specific period.