Which of the Following Types of Data Would Be the Best

question 22

Multiple Choice

Which of the following types of data would be the best choice for Wendy's fast-food restaurants if the headquarters office wants to know how many hamburgers versus chicken sandwiches it has sold in past years?

• A) internal secondary data
• B) external secondary data
• C) survey responses
• D) focus group data
• E) primary data

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Definitions:

Accumulated Depreciation

The total depreciation expense charged against an asset since it was acquired, reflecting its loss in value over time.

Original Cost

The initial expenditure involved in acquiring an asset or launching a project.

Cash Proceeds

Cash proceeds are the total amount of cash received from transactions, sales, financing, or other business activities during a specific period.

Cash Flow Statement

A financial document that provides a summary of the money flowing into and out of a company during a specific period, distinguishing between operations, investments, and financing activities.