Which of the following statements concerning secondary data is correct?
A) Secondary data usually takes longer to obtain than primary data.
B) Secondary data is only available within the firm.
C) Secondary data was originally collected for some other purpose.
D) All of the above are correct.
E) None of the above are correct.

Question

Quizplus · Accepted Answer

Secondary data refers to data that was originally collected for some other purpose, such as government statistics or industry reports. It is often readily available and relatively quick to obtain compared to primary data. It can come from sources both within and outside of the firm. Therefore, only statement C is correct.

Which of the Following Statements Concerning Secondary Data Is Correct