Which of the Following Is a Difference Between Primary Research

question 31

Multiple Choice

Which of the following is a difference between primary research and secondary research?

• A) Primary research relates more generally to the subject matter of the research question or problem, whereas secondary research is engagement-specific.
• B) Primary research involves the collection, analysis, and interpretation of original data, whereas secondary research involves the collection, analysis, and interpretation of data that has been compiled and published by others.
• C) Primary research is done by the engaging attorney or client, whereas secondary research is done by the forensic accountant or the expert engaged.
• D) Primary research is commonly used in refining a hypothesis, developing critical assumptions, and selecting methodologies, whereas secondary research is commonly used in forming a hypothesis and gathering evidence.

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Definitions:

Coupon Rate

The interest payment per annum on a bond, depicted as a percentage of its face value.

Ask Price

The lowest price at which a seller is willing to sell a financial instrument or commodity.

Coupon Payments

Regular interest payments made to the holders of a bond, typically paid semi-annually or annually, based on the bond's coupon rate.