Which of the Following Statements Describe Secondary Internal Data

question 24

Multiple Choice

Which of the following statements describe secondary internal data?

• A) A manufacturer of semiconductors uses available company sales and inventory valuation records to prepare an inventory turnover ratio for each month.
• B) A mail order company conducts a telephone survey among recent purchasers.
• C) A presidential candidate commissions a political survey organization to establish the percent of persons favoring her candidacy.
• D) A recent graduate of mortuary school samples the death rate statistics for counties in her state in hopes of finding a good location to start a mortuary.
• E) Consumers Union purchases 25 brands of lawnmowers and tests them for various attributes.

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Definitions:

Cournot

Refers to a model of oligopoly in which firms compete on the amount of output they will produce, affecting market prices.

Noncooperative Games

Games in which players make decisions independently, without collaboration or negotiation, often seeking to maximize their own payoff.

Prisoners' Dilemma

A scenario in game theory where individuals acting in their own self-interest pursue a course of action that does not result in the optimal outcome for the group.

Cooperative Games

Games in which participants work together to achieve a common goal or derive mutual benefits.