Which of the following is an advantage of primary data?
a. It incurs less cost than secondary data to collect relevant information.
b. It answers specific research questions that secondary data cannot answer.
c. It consists of data that is easily available to any interested party.
d. It helps avoid interviewer biases in the process of collecting necessary data.
ANSWER: b
The main advantage of primary data is that they can answer specific research questions that secondary data cannot answer. Primary data are current, and researchers know the source.
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A supervisor of a retail outlet is facing an ethical dilemma. She uses the formal process of ethical decision making to resolve the issue. Which of the following steps will she begin with?
A. defining the complete moral problem B. determining the legal requirements C. understanding all the moral standards D. proposing a convincing moral solution E. evaluating the success of the solution
Target company T has a book value equal to $100mm and has outstanding debt. Acquirer A uses cash from its balance sheet and borrows funds to pay $125mm for all of T's shares. This creates Goodwill on A's balance sheet equal to:
a) $100mm b) $25mm c) $125mm d) Depends on how much of T's debt A assumed e) Depends on the excess of A's market value over its book value prior to the acquisition