When a Research Team Has Gathered Data for Specific Research

question 56

Multiple Choice

When a research team has gathered data for specific research needs, this is known as

• A)primary data.
• B)data mining.
• C)secondary data.
• D)data recovery.
• E)data modeling.

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Definitions:

Period Costs

Expenses that are not directly tied to the production process and are expensed in the period they are incurred.

Indirect Materials

Supplies used in the production process that are not directly traceable to a finished product.

Factory Overhead

Factory overhead refers to the indirect costs associated with manufacturing, excluding direct materials and direct labor.

Assembly Line

A manufacturing process in which parts are added to a product in a sequential manner to create a finished product more efficiently.