What is the difference between primary and secondary data? Give one example of each
?Primary data result from firsthand experience and observation. Secondary data come from reading what others have experienced or observed and recorded.
Students should list one of the following examples of primary data:
a. Surveys c. Observations
b. Interviews d. Experimentations
?
Students should list one of the following examples of secondary data:
a. Books e. The Web
b. Periodicals f. Blogs
c. Bibliographic indexes g. Social networks
d. Electronic databases
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A group of independent retailers that bands together to set up a jointly owned, central wholesale operation and conduct joint merchandising and promotion efforts is referred to as a ________
A) factory outlet mall B) retailer cooperative C) corporate chain D) warehouse club E) voluntary chain
Seattle, Inc, is contemplating a project that costs $180,000 . Expectations are that annual cash revenues will be $70,000 and annual expenses (including depreciation) will total $30,000 . The project has a six-year useful life and a residual value of $30,000 . Assume Seattle Inc uses straight line method of depreciation. The project's payback period is
a. 2.31 years. b. 2.77 years. c. 2.14 years. d. 2.57 years.
______ is the process of hiring another organization to do work that was previously done within the host organization.
A. Outsourcing B. Insourcing C. Onshoring D. Outshoring
What is the difference between mitigating a risk and a contingency plan? Provide real life examples that illustrate the difference.
Fill in the blank(s) with the appropriate word(s).