Joe Is Reviewing Secondary Data His Company Collected About Seasonal

question 86

Multiple Choice

Joe is reviewing secondary data his company collected about seasonal variation in consumer spending.The advantages of using this data include that:

• A) it is new and can be used to project overall demand.
• B) it can be quickly accessed at a relatively low cost.
• C) it is historical data that can be used to accurately predict future trends.
• D) it has been collected for just the purpose Joe is using it for.
• E) all of these.

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Definitions:

Shares Authorized

The maximum number of shares that a corporation is legally permitted to issue, as specified in its articles of incorporation.

Proxy

A person authorized to act on behalf of another, especially in voting at a shareholder meeting, or the document authorizing the person to vote.

Common Stock

A form of corporate equity ownership, a type of security representing ownership in a corporation, with voting rights and the potential for dividends.

Outstanding

An amount of money that is still owed or an issue that has not yet been resolved.