Marvin Is Looking for Data to Help Him with a New

question 117

Multiple Choice

Marvin is looking for data to help him with a new market research study assigned to him.When reviewing existing secondary data from a past research study,Marvin should pay careful attention to:

• A) how the secondary data were collected.
• B) where the data were warehoused.
• C) whether or not the Census Bureau has certified the research.
• D) whether the data were transformed into information.
• E) how often primary data was substituted for secondary data.

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Definitions:

Purchase Price

The amount of money paid or to be paid by the buyer to acquire ownership of a product or property.

Mortgage

A loan specifically designed for the purchase of real estate, in which the property itself serves as collateral.

Co-signs

Acts of signing a loan or document jointly with another person, thereby agreeing to share the responsibility for the associated obligations.

Credit Application

A form or process by which an individual or company seeks to obtain credit from a lending institution or creditor.