Secondary Data Are the

question 209

Multiple Choice

Secondary data are the

• A) facts and figures that have already been recorded before the project at hand.
• B) facts and figures that are newly collected for the project at hand.
• C) facts and figures obtained by watching people mechanically rather than in person.
• D) facts and figures obtained by asking people questions through the use of information technology.
• E) conclusions developed from information obtained from a representative sample of a population.

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Definitions:

Purchased Equipment

Fixed assets acquired by a company for use in the production or supply of goods and services, not for resale.

Accounting Equation

The fundamental equation of accounting, represented as Assets = Liabilities + Equity, serving as the foundation for double-entry bookkeeping.

Utility Bill

A statement of charges incurred for services such as electricity, gas, water, or sewage.

Corporation

A legal entity owned by shareholders, with rights and liabilities distinct from those of its owners.