Data Which Have Already Been Collected in a Previous Study

question 168

Multiple Choice

Data which have already been collected in a previous study are called __________ data, while data that are generated by a phone survey this month of key customers are called _______ data.

• A) primary; secondary
• B) primary; intranet
• C) secondary; primary
• D) secondary; experimental
• E) intranet; sample

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Definitions:

Accounting Standard-Setting

The process of developing the rules and guidelines that govern the preparation and presentation of financial statements.

Financial Accounting Standards Board

An independent organization responsible for establishing and improving financial accounting and reporting standards in the United States.

Securities and Exchange Commission

A U.S. federal agency responsible for enforcing the federal securities laws and regulating the securities industry, stock and options exchanges.

Bookkeeping

A part of the accounting process that involves only the recording of economic events.