Which Type of Data Is Probably Least Expensive to Collect

question 86

Multiple Choice

Which type of data is probably least expensive to collect?

• A)Primary data
• B)Secondary data
• C)Subjective research
• D)Expensive research
• E)External research

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Definitions:

Serious Side Effect

An unintended, negative reaction to a medication or therapy that can sometimes be severe or life-threatening.

Medication

Substances used in the diagnosis, treatment, or prevention of disease and as part of medical care to alleviate symptoms and improve health.

Risk

Risk involves exposure to the chance of injury or loss, a measure often assessed in decision-making processes.

Bounded Rationality

The concept that decision-making is limited by the information available, cognitive limitations of the mind, and the finite amount of time available to make a decision.