Which of the following is a similarity between third-party data sources and fourth-party data sources?
A) Both data sources may have some firsthand knowledge of the subject's activities.
B) The information collected from both data sources does not reflect the actual activity of the subject.
C) Data received from both data sources fall under the category of secondary research.
D) Both data sources may involve associated costs.

Question

Quizplus · Accepted Answer

Both third-party data sources and fourth-party data sources may involve associated costs. Third-party data sources are external companies or organizations that specialize in collecting and analyzing data. They may charge fees for accessing their data. Fourth-party data sources are companies that manage the data obtained from multiple third-party sources. These companies may also charge fees for their services.

Which of the Following Is a Similarity Between Third-Party Data