Two Important Disadvantages of Secondary Data Are That They May

question 11

Multiple Choice

Two important disadvantages of secondary data are that they may be

• A) difficult to acquire and not up to date.
• B) out of date and not specific enough for the project.
• C) unavailable in time and biased toward large corporations.
• D) biased toward government objectives and out of date.
• E) costly and time-consuming.

---

Definitions:

Product Cost

The total expense incurred to manufacture or acquire a product, including direct materials, labor, and overhead costs.

Depreciation

An accounting method of allocating the cost of a tangible or physical asset over its useful life, representing the asset's wear and tear over time.

Store Equipment

Tangible assets used in a retail business's operations, such as cash registers, shelving, and display cases.

Period Cost

Costs that are not directly associated with the production of goods and are expensed in the period they are incurred.