What is Secondary Information?

What is Secondary Information?

• A. Information collected specifically for the problem
• B. Primary information
• C. Data about primary sources
• D. Information developed from data that have already been collected by others

Answer: (D)

Secondary information is data that has already been collected by someone else for a purpose other than your current question and is reused for your analysis. This includes sources like government statistics, industry reports, or company annual reports. It’s often quicker and cheaper to obtain, but you need to check that it’s relevant, reliable, and up to date because it may not fit your exact needs. The other descriptions describe information you collect yourself for the problem (primary information) or data about primary sources, not the data produced from previously gathered information.

Secondary information is data that has already been collected by someone else for a purpose other than your current question and is reused for your analysis. This includes sources like government statistics, industry reports, or company annual reports. It’s often quicker and cheaper to obtain, but you need to check that it’s relevant, reliable, and up to date because it may not fit your exact needs. The other descriptions describe information you collect yourself for the problem (primary information) or data about primary sources, not the data produced from previously gathered information.