Which of the Following Is Correct When Assessing the Quality

question 124

Multiple Choice

Which of the following is correct when assessing the quality of secondary data?

• A) It is not necessary to know why the data were collected in the first place.
• B) It is important to know the purpose for which the data were originally collected.
• C) It is important to use the same methods and procedures as when primary data are collected.
• D) It is important to be able to have easy access to the data.

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Definitions:

CEO's Compensation

The payment and benefits package provided to the Chief Executive Officer, reflecting responsibilities and aiming to incentivize performance.

Business Performance

A measure of the efficiency, effectiveness, and sustainability of a business in achieving its goals, often evaluated in terms of profitability, revenue growth, and market share.

Compensation-Level Strategy

An approach to determine the relative pay levels and benefits within an organization to stay competitive in the job market and retain employees.

Formulation Of Compensation Strategy

The process of defining how an organization structures and offers compensation in order to attract, motivate, and retain employees.