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A company X was acquired by another company Y. Company Y came into possession of customer feedback data collected by company X. What can be said about the nature of the data?
  • a)
    The data is primary data as company X is owned by company Y.
  • b)
    The data is primary data only if used for the purpose envisioned by the company X.
  • c)
    The data is secondary as it was collected by company X for its own purpose.
  • d)
    None of these
Correct answer is option 'C'. Can you explain this answer?
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A company X was acquired by another company Y. Company Y came into pos...
The data collected by another party is classified as secondary data irrespective of the purpose which it is used for.
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A company X was acquired by another company Y. Company Y came into possession of customer feedback data collected by company X. What can be said about the nature of the data?a)The data is primary data as company X is owned by company Y.b)The data is primary data only if used for the purpose envisioned by the company X.c)The data is secondary as it was collected by company X for its own purpose.d)None of theseCorrect answer is option 'C'. Can you explain this answer?
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A company X was acquired by another company Y. Company Y came into possession of customer feedback data collected by company X. What can be said about the nature of the data?a)The data is primary data as company X is owned by company Y.b)The data is primary data only if used for the purpose envisioned by the company X.c)The data is secondary as it was collected by company X for its own purpose.d)None of theseCorrect answer is option 'C'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about A company X was acquired by another company Y. Company Y came into possession of customer feedback data collected by company X. What can be said about the nature of the data?a)The data is primary data as company X is owned by company Y.b)The data is primary data only if used for the purpose envisioned by the company X.c)The data is secondary as it was collected by company X for its own purpose.d)None of theseCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A company X was acquired by another company Y. Company Y came into possession of customer feedback data collected by company X. What can be said about the nature of the data?a)The data is primary data as company X is owned by company Y.b)The data is primary data only if used for the purpose envisioned by the company X.c)The data is secondary as it was collected by company X for its own purpose.d)None of theseCorrect answer is option 'C'. Can you explain this answer?.
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