Discuss two advantages and two disadvantages of using secondary data.
What will be an ideal response?
There are several advantages and disadvantages, and students can discuss any two for each:
ADVANTAGES OF SECONDARY DATA: (1) saving time, (2) saving money, (3) assisting in problem statement formulation, (3) providing suggestions for research methods and other types of data needed for solving the problem, (4) pinpointing people and locations to approach, and (5) serving as a source of comparative data by which primary data can be analyzed and evaluated.
DISADVANTAGES OF SECONDARY DATA: (1) mismatch between the unique problem and the secondary data already collected for a different specific problem, (2) inability to answer specific questions relevant to the problem at hand, and (3) possible poor quality of the data.
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A rise in wealth, everything else remaining unchanged, will cause household investment in housing to
A. decline. B. not change. C. rise. D. fall at first, then rise later.
Journalize the following transactions for Malone Custom Furniture Manufacturing (omit explanations).
a. Incurred and paid advertising expenses, $3,500. b. Incurred manufacturing wages of $30,000, 60% of which was direct labor and 40% of which was indirect labor. Wages will be paid at a later date. c. Purchased raw materials on account, $27,000. d. Used in production: direct materials, $12,000; indirect materials, $5,500 e. Recorded manufacturing overhead: depreciation on plant, $14,000; plant insurance (previously paid), $1,800; plant property tax, $4,500 (credit Property Tax Payable). f. Allocated manufacturing overhead to jobs, 150% of direct labor costs. g. Completed production on jobs with costs of $55,000. h. Sold inventory on account, $64,000; cost of goods sold, $35,000. The company uses the perpetual inventory system. i. Adjusted for overallocated or underallocated overhead.
List the five ways a writer can evaluate source materials
A binding promise is:
a. central to the modern definition of contracts b. unimportant in the modern definition of contracts c. not relevant to the modern definition of contracts d. central to the modern definition of easements e. none of the other choices are correct