Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA PM Exams › Primary and secondary information
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- October 20, 2022 at 10:43 am #669426
Question 1
Information obtained through ratio analysis of competitor financial statements is primary or secondary information. We are obtaining info first hand but there are chances of it being biased and veracity of it can be questioned .2 Also will it be internal or external information? I supppose it’s external as fs are provided by competitor but ratio analysis is done by the company then is it safe to say its from internal sources. Confused screaming.
3Also can we say ratio analysis is measurement research.
4 an unsolicited advice that makes sense for decision making will be data or information.
5 Information not received on time will be bad information or turn back into data.
6.quotation obtained from the supplier will be primary or secondary information.
October 20, 2022 at 4:28 pm #669452These are really all Paper MA questions.
1. It is a secondary source of data
2. It is an external source of data
3. You could say that, but it is not a term used in the exam.
4, Information
5. It is information but not useful information
6. Primary information.
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