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Discuss a situation for a family funded business. Can be registered under sole proprietor, partnership or company.

Business/Management

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Step-by-step solution

5 steps
  1. Answer Question 1.

    A primary source of data is information collected directly by the researcher for the first time. An interview involves direct interaction to gather new information.

    • C. Interview
  2. Answer Question 2.

    A secondary source of data is information that has already been collected by someone else and is available for use. A journal (e.g., an academic journal) contains published research and data that has already been compiled.

    • D. Journal
  3. Answer Question 3.

    Qualitative data describes qualities or characteristics and cannot be measured numerically. Favorite color is a descriptive characteristic.

    • C. Favorite color
  4. Answer Question 4.

    Discrete data can only take specific, distinct values, often whole numbers, and can be counted. The number of siblings must be a whole number.

    • C. Number of siblings
  5. Answer Question 5.

    Continuous data can take any value within a given range and is typically measured. The time taken to complete a race can be measured to any level of precision (e.g., seconds, milliseconds).

    • D. Time taken to complete a race
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