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Secondary data

Forums › ACCA Forums › ACCA MA Management Accounting Forums › Secondary data

  • This topic has 4 replies, 2 voices, and was last updated 11 years ago by fathmath.
Viewing 5 posts - 1 through 5 (of 5 total)
  • Author
    Posts
  • October 28, 2013 at 6:40 am #143908
    fathmath
    Member
    • Topics: 5
    • Replies: 11
    • ☆

    Which of the following are examples of secondary data?
    (i) A count of the number of invoices that we are issuing each week
    (ii) The average wage of the population taken from government census results
    (iii) The average wage paid to our employees
    (iv) The sales for the month as reported on a website

    what is the difference between primary and secondary data? Can anyone please give an explanation with examples…

    October 28, 2013 at 7:12 am #143911
    totem
    Member
    • Topics: 2
    • Replies: 83
    • ☆☆

    Hi!

    Primary data is original data that has been collected by a researcher by whatever means appropriate in the answer of a specific research question (Source: OBU Infopack). Under that definition, i & iii are primary sources.

    Secondary data is data that has been collected by others for their own purposes, but which may be used by a researcher for his or her different purposes (Source: OBU Infopack). Under that definition, ii & iv are secondary sources.

    Hope this helps.

    October 28, 2013 at 10:33 am #143916
    fathmath
    Member
    • Topics: 5
    • Replies: 11
    • ☆

    Hii Totem
    A bunch of thanks for replying..
    but in the open tuition notes the answer of this MCQ was other way round..

    October 28, 2013 at 3:26 pm #143942
    totem
    Member
    • Topics: 2
    • Replies: 83
    • ☆☆

    i & iii? I still think it should be ii & iv, but maybe I made a mistake… @johnmoffat could you please help us out? Thanks!

    October 30, 2013 at 11:00 am #144125
    fathmath
    Member
    • Topics: 5
    • Replies: 11
    • ☆

    yes please @johnmoffat could you help us out with this…?? i also think it should be the answer but can anyone please confirm???

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