All of the Following Are Common Reasons Why Secondary Data

question 30

Multiple Choice

All of the following are common reasons why secondary data do not adequately satisfy research needs EXCEPT:

• A)outdated information
• B)too expensive
• C)variation in definition of terms
• D)different units of measurement

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Definitions:

Fixed Costs

Expenses that do not change in proportion to the activity of a business, such as rent, salaries, and insurance.

Activity Changes

Adjustments or variations in the level of a company's activities, such as production volume or sales, that can impact its costs and operational efficiency.

Straight-Line Depreciation

A method for distributing the cost of a solid asset in even annual payments throughout its effective life.

Insurance Premiums

The amount of money that an individual or business must pay for an insurance policy.