Which of the Following Is a Disadvantage of Secondary Data

question 90

Multiple Choice

Which of the following is a disadvantage of secondary data?

• A) Secondary data is not always available for strategy-specific research questions.
• B) Secondary data sources are more limited than sources of primary data.
• C) Secondary data is more expensive to obtain and utilize than primary data.
• D) Secondary data is collected specifically for the research problem under investigation.

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Definitions:

Beginning Inventory

The price of items on offer for purchase at the onset of an accounting cycle.

Markup

An addition to the purchase cost of items intended to cover both operational costs and generate a profit.

Net Sales

The revenue from sales transactions after subtracting returns, allowances for damaged or missing goods, and discounts.

Average Inventory

Calculated by adding the value of the inventory at the beginning and end of a period and dividing by two, reflecting an average amount of inventory held over the period.