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) All of the above are true.

Question

Quizplus · Accepted Answer

Secondary data can be obtained from both internal and external sources. One advantage of using secondary data is that it is often available much faster than primary data since it has already been collected and analyzed by someone else. Option A is incorrect as secondary data can come from internal as well as external sources. Option C is incorrect as old survey results can be considered secondary data. Option D is incorrect as secondary data is usually less expensive to obtain than primary data.

Which of the Following Statements About Secondary Data Is Correct