Even Though Primary Data Can Be Especially Valuable to an Individual

question 103

Multiple Choice

Even though primary data can be especially valuable to an individual firm,secondary data is often used because

• A)secondary data are much more up-to-date and tailored to a specific firm or industry.
• B)secondary data,although far more expensive,are also much more reliable.
• C)primary data are usually more costly and time consuming to collect.
• D)primary data can be accessed by virtually anyone so the information generated loses much of its value.
• E)primary data are less fact and figure based;they are more subjective and therefore more vulnerable to misinterpretation.

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Definitions:

Admiration

A feeling of respect and admiration for someone or something, often because of their qualities or achievements.

Intergroup Conflict

A conflict that occurs between different groups or teams, often due to competition, misunderstandings, or differing goals.

Anthropologists

Scientists who study human behavior, culture, societies, and development over time, often focusing on both ancient and contemporary populations.

Fossil Evidence

Remains or impressions of prehistoric organisms preserved in rock layers, crucial for understanding evolutionary history.