All categories

3 years ago

Which of the following is most likely to be a primary data source:

Business

1 answer:

love history [14]3 years ago

7 0

Answer:

d. A customer survey

Explanation:

Data collected by researchers for the first time for a specific study is primary data. A customer survey is a method of collecting primary data. A customer survey gathers information on the research topic directly from respondents.

Primary data like surveys are costly and consume time to collect, unlike secondary data. Other methods of collecting primary data include administering questionnaires, direct or indirect personal interviews, field observations, and experiments.

You might be interested in

A good economic theory is best described as one that:: A. Is true. B. Realistically depicts the real world economists are trying

ollegr [7]

Answer:

Explanation:

thats my answer my module

8 0

2 years ago

The only expenses that can be reduced in order to produce more savings are ""Non-essential Expenses"" and ""Essential (Variable)

Y_Kistochka [10]

Answer:

The statement is false

Explanation:

Non- essential expense is the expense which is spent on the extra things, which means it is not essential to meet the needs. Whereas the essential expense are those expenses which are spend on consuming the things required for living. For example food, cloth.

So, both the expenses are those expense which are necessary for an individual or person and therefore, cannot be reduced in order to produce the more savings.

8 0

3 years ago

Read 2 more answers

On January 1, Gucci Brothers Inc. started the year with a $690,000 balance in Retained Earnings and a $597,000 balance in common

Yuri [45]

Answer:

$1,388,200

Explanation:

The total stock holders equity as at the end of the year shall be determined as follows:

Common stock Retained Earnings Total

Balance of Jan 1 $597,000 $690,000 $1,287,000

Net income for year $96,000 $96,000

Dividend paid ($14,800) ($14,800)

Common stock $20,000 $20,000

Balance at year end $617,000 $771,200 $1,388,200

7 0

3 years ago

Read 2 more answers

Harley-Davidson employs a method of inventory control demanding that suppliers deliver parts and raw materials to Harley's produ

anzhelika [568]

Answer:

Just-in-time inventory management

Explanation:

Just-in-time or JIT is an inventory management approach that encourages the purchase of materials only when they are needed in the production process. The JIT approach eliminates the need for storing large quantities of material for future productions. The acquisition of materials is aligned with the production process.

By adopting JIT, a business saves on inventory costs as materials are not purchased in bulk. Wastage that results from the storage of material is also eliminated. The success of JIT depends on management ability to forecast sales accurately and working with reliable suppliers.

7 0

3 years ago

Which of the following items is included in the calculation of GDP? a.purchase of 100 shares of Microsoft stock b.purchase of a

Nady [450]

Answer:

The correct answer is option e.

Explanation:

The GDP of a country is the value of final goods and services produced in the geographical boundaries of a nation in a year. It does not include the value of intermediate goods produced. This is because it may lead to double counting. So the value of intermediate goods is included as a part of the value of the final good. It also does not include the value of services provided by homemakers.

Financial transactions such as purchase and sale of stocks and shares are not included. This is because it does not involve the production of any good or service. Sale of second-hand goods is also not included because of the problem of double counting.

7 0

3 years ago