Which of the following statements about secondary data is correct?
A) Secondary data is obtained only from sources outside of the firm.
B) Secondary data may be available much faster than primary data.
C) Results of "old" surveys are not secondary data.
D) Secondary data is usually more expensive to obtain than primary data.
E) None of these statements about secondary data is true.

Question

Quizplus · Accepted Answer

Secondary data may be available much faster than primary data, as it has already been collected and is readily accessible. Choice A is incorrect as some sources of secondary data may be obtained from within the firm. Choice C is incorrect as old surveys can be considered secondary data if they were not originally conducted for the current research purpose. Choice D is incorrect as secondary data is usually less expensive to obtain than primary data. Choice E is incorrect as at least one statement about secondary data is true.

Which of the Following Statements About Secondary Data Is Correct