________ is relatively inexpensive because it has already been collected,analyzed,and summarized by another party.
A) Primary data
B) Secondary data
C) Raw data
D) Transaction data

Question

Quizplus · Accepted Answer

Secondary data is pre-existing data that has already been collected, analyzed, and summarized by another party, making it relatively inexpensive compared to primary data, which requires the researcher to collect new data. Raw data is unprocessed data that has not yet been analyzed or summarized, and transaction data specifically refers to data related to financial transactions.

________ Is Relatively Inexpensive Because It Has Already Been Collected,analyzed,and