Which of the Following Is an Advantage of Third-Party Data

question 43

Multiple Choice

Which of the following is an advantage of third-party data source?

• A) It can be obtained independently by the forensic accountant, without the assistance of the subject or engaging counsel.
• B) It is outside the subject's ability to manipulate.
• C) It is direct and accessible.
• D) It can give an insight on the environment in which the subject operates.

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Definitions:

Observation Method

A research technique that involves systematically watching and recording behaviors and events in order to gather data about a subject.

Marketing Research

The process of gathering, analyzing, and interpreting information about a market, including information about potential customers, competitors, and the industry as a whole.

Center of Influence

A person or organization that has a major impact on opinions or actions within a specific area or community due to their authority, knowledge, position, or network.

Prospecting

The act of searching for potential customers or clients to generate new business opportunities.