During which period did the so-called Great Recession occur?

Secondary data have a lower level of ____ than primary data.

A. abstractness B. elusiveness C. verifiability D. closeness to the phenomenon E. replicability

Which of the following is true about secondary data?

A) It is always current and, unlike primary data, it does not have to be updated. B) Unlike primary data, it can be obtained by using direct surveys and questionnaires by the company. C) It cannot provide extra information a company is looking for. D) It can be obtained more quickly and at a lower cost than primary data. E) It requires more effort compared to gathering primary data.