Which of the Following Statements Concerning Secondary Data Is Correct

question 15

Multiple Choice

Which of the following statements concerning secondary data is correct?

• A) Secondary data usually takes longer to obtain than primary data.
• B) Secondary data is only available within the firm.
• C) Secondary data was originally collected for some other purpose.
• D) All of the above are correct.
• E) None of the above are correct.

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Definitions:

Benefits Principle

The benefits principle is a taxation theory that argues taxes should be levied on individuals according to the benefits they receive from government services.

Public Education

A universally accessible system funded and administered by government agencies aiming to provide free education to all children.

Property Taxes

Levies on property ownership, typically based on the property's value, used to fund local services such as schools, roads, and public safety.

Progressive Tax System

A taxation system where the tax rate increases as the taxable income increases, considered more equitable by distributing the tax burden according to ability to pay.