All of the Following Are Examples of Secondary Data Sources

question 253

Multiple Choice

All of the following are examples of secondary data sources EXCEPT:

• A) Statistical Abstract of the United States.
• B) a phone survey this month of past customers.
• C) library sources.
• D) trade association studies.
• E) government reports.

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Definitions:

Variable Cost Method

An accounting approach where costs that vary directly with the level of production are allocated to products, influencing the cost of goods sold and inventory valuation.

Contribution Margin

The difference between the sales revenue of a product and its variable costs, indicating the amount contributing towards covering fixed costs and generating profit.

Standby Passenger

Standby Passenger refers to a traveler who does not have a confirmed reservation for a flight and waits for an available seat to become free due to cancellations or no-shows.

Contribution Margin

Contribution margin is a financial metric that represents the amount of revenue from sales that exceeds variable costs, indicating the portion of sales revenue that contributes to covering fixed costs and generating profit.