An Advantage of Secondary Data Over Primary Data Is That

question 79

True/False

An advantage of secondary data over primary data is that secondary data are easier and cheaper to develop.

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Definitions:

Disclosed

Made known or revealed, often in reference to information that was previously confidential or not publicly available.

Operating Segments

Components of an enterprise that engage in business activities from which they may earn revenues and incur expenses, including revenues and expenses related to transactions with other components of the same enterprise.

Similar Economic Characteristics

A term used in financial analysis and consolidation to refer to entities or segments within enterprises that share similar economic environments, risks, and returns.

Combined

In financial terms, refers to the aggregation of financial data from several departments or business entities within a corporation to provide a complete financial profile.