-Figure 7-2A Above Shows the Two Main Types of Data

question 190

Multiple Choice

-Figure 7-2A above shows the two main types of data. If B represents the facts and figures that have already been recorded before the project at hand, which type of data is B?

• A)compound data
• B)secondary data
• C)tertiary data
• D)primary data
• E)nonprobability data

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Definitions:

Operating Activities

The day-to-day actions taken by a business, such as selling products, managing costs, and paying bills, that are essential to running the business and generating income.

Production

The process of creating, growing, manufacturing, or improving goods and services.

Purchase Of Merchandise

The acquisition of goods intended for sale by a business, recorded as an increase in inventory.

Accounts Payable

A liability to a creditor, carried on an open account, usually for purchases of goods and services.