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For Chapter 2 (Q1) course note answer is C, but i found it should be D,
please help!!!Answer C is correct.
The reason is the primary data is data collected specially for the reason required, whereas secondary data was collected for some other reason and then used for the reason we want.
So…..(ii) is primary data – we want average wage and the government has published average wage
(iv) is primary data – we have published sales for the month and we want sale for the month
(i) is secondary – the invoices were prepared for some other reason
(iii) is secondary – the wages were calculated for another reason and we used them to calculate something else (the average)sorry i feel a little bit confuse, refer to the note for Internal & external sources data, said that Internal data are data collected from our own records. These are the main source of primary data. External data are data collected from elesewhere – e.g. the internet, government statistics, financial newspaper. These will be secondary data. Refer to this note so i choose answer is D, coz in my mind for our own record is primary data, for information from elesewhere is secondary data.
Is i misunderstood the meaning?It is true that internal data is usually the main source of primary data.
However, in that question, one of the choices was average wage. The average wage for the country will not be in our records – we have no choice but to use external data. The reason it is primary data is that it was collected specifically for that purpose.
(To be honest, it is a bit of a silly question – it is not likely that a company would want to know the average wage for the population anyway 🙂 )
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