Which of the Following Statements About Secondary Data Is True

question 66

Multiple Choice

Which of the following statements about secondary data is true?

• A) Secondary data are originated by the researcher for the specific purpose of addressing the research problem at hand.
• B) Primary data should not be collected until the available secondary data have been fully analyzed.
• C) Secondary data are an economical and quick source of background information.
• D) Both B and C are true.

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Definitions:

Holding Cost Rate

The percentage of the value of inventory that is held as a cost for storing, insuring, and managing goods over a certain period.

Chilliwack

A city in the province of British Columbia, Canada, known for its natural beauty and outdoor activities.

Holding Cost Rate

The percentage of the inventory value held that represents the cost to store, manage, and insure inventory over a certain period.

Montreal

A major city in Quebec, Canada, known for its cultural diversity, historical sites, and economic significance.