Which of the Following Is an Advantage of Secondary Data

question 66

Multiple Choice

Which of the following is an advantage of secondary data over primary data?

• A)Secondary data are always available for strategy-specific research questions.
• B)Secondary data sources are limited,making the information more valuable.
• C)Secondary data are cheaper to obtain and utilize.
• D)Secondary data are collected specifically for the research problem under investigation.

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Definitions:

Royalties

Payments made to the owners of intellectual property, such as patents, copyrights, and trademarks, usually based on a percentage of revenue generated from their use.

Schedule K-1

Schedule K-1 is a tax form used in the United States to report an individual's share of income, deductions, and credits from partnerships, S corporations, or trusts.

Schedule C

A tax form used by sole proprietors to report profit or loss from a business, detailing income, expenses, and net profit.

Royalty Income

Income received from the use of one's property or intellectual property (like patents, copyrights, literary works) by others, often as a percentage of revenues.