Primary data is gathered througha)original source of information.b)information on website.c)second hand information.d)annual company reports.Correct answer is option 'A'. Can you explain this answer?

Question

Answer

A.  If the data is from the original source of information,it is called primary data .

Answer

Primary data is a data collected from the original source and not from somewhere else.

Answer

Primary data refers to the data that is collected directly from the original source of information. It is the first-hand information that is collected by an individual or a researcher for a specific purpose. The primary data is gathered through various methods such as surveys, interviews, observations, experiments, and questionnaires.

The correct answer to the question is option 'A' - original source of information. Let's understand why option 'A' is the correct answer in detail:

- Original source of information: Primary data is collected directly from the original source of information, which means that the data is collected firsthand. This can include sources such as individuals, organizations, institutions, or specific events. Primary data is collected by the researcher or an individual who is conducting the research. For example, if a researcher is studying consumer behavior, they may conduct surveys or interviews with consumers directly to gather primary data.

- Information on a website: Information on a website is not considered primary data unless the website is the original source of information. If the website provides original data that has been collected by the website owners or creators, then it can be considered as primary data. However, if the website is simply presenting information that has been collected by others, then it would be considered as secondary data.

- Second-hand information: Second-hand information refers to data that has been collected by someone else for a different purpose. This data is not considered primary data as it is not collected directly from the original source. Secondary data can be obtained from sources such as books, journals, articles, reports, or databases. It is important to note that secondary data can be useful for research purposes, but it is not considered primary data.

- Annual company reports: Annual company reports are a form of secondary data as they have been prepared by the company for the purpose of providing information to shareholders, investors, and the general public. These reports contain financial statements, performance indicators, and other relevant information about the company. While annual reports can be a valuable source of information for research purposes, they are not considered primary data.

In conclusion, primary data is gathered directly from the original source of information. It is the first-hand information collected by the researcher or an individual conducting the research. Other sources such as information on a website, second-hand information, or annual company reports are not considered primary data.

Answer

The data which is collected first hand by original sources is primary data.
Like When there is a fight going on in our class, and you are present there, then you surely will scoot closer to the fight and listen to there angry words to find out the reason. And finally the reason that you personally founded by listening to their fight is a primary data for you.
...

Answer

A

Similar Commerce Doubts

Primary data is gathered through

Data collected from the original source of information is called

Data collected from the original source of information is called

What is the purpose of a pilot survey in the research process?

What is the primary objective of using statistical tools and methods in diverse types of analyses for developing a project?

Top Courses for CommerceView all

Chapter Notes for Commerce

Economics Class 12

Economics Class 11

NCERT Books & Solutions for Commerce

Economics for CBSE Class 12 Board Examinations

Top Courses for Commerce

Top Courses for Commerce

Suggested Free Tests

Related Content

Commerce Courses

Other Courses

How To Prepare?

Related Exams

Company