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AMA PCM Exam - Topic 8 Question 43 Discussion

The major disadvantages of primary data collection are that:
C) it takes more time to collect than secondary data and is more costly.
A) it can only be accessed through syndicated databases or unstructured data mines.
B) it cannot be tailored to meet specific research needs.
D) it is too general to meet researcher's and manager's needs.
E) all of these are disadvantages of primary research data.

AMA PCM Exam - Topic 8 Question 43 Discussion

Actual exam question for AMA's PCM exam
Question #: 43
Topic #: 8
[All PCM Questions]

The major disadvantages of primary data collection are that:

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Suggested Answer: C

by Avery at May 07, 2022, 03:41 AM

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Veta
8 months ago
All of these disadvantages? Really? Sounds exaggerated.
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Melina
9 months ago
Wow, I didn't realize it was that costly!
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Gracia
9 months ago
A is misleading, you can collect primary data directly too.
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Robt
9 months ago
I disagree, primary data can be tailored if done right!
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Clarinda
9 months ago
C is definitely true, it takes forever to collect primary data.
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Odette
9 months ago
This is a straightforward question about the "Equipment" category on a Fishbone Diagram. All of the answer choices seem plausible, so I'll need to really analyze each one to determine which is the most accurate. I've got a good strategy for working through this.
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Joseph
9 months ago
Sending another email with the correct link seems like the most direct solution, but I wonder if there are any downsides to that approach that I'm not considering.
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Sabina
9 months ago
I'm a bit confused about the constant volatility assumption in the BSM model. Does that really hold in the real world? I need to review that concept more.
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Rosalind
10 months ago
This looks like a tricky one. I'm not sure if the histogram or the scatter plot would be more helpful for visualizing the hyperparameter space and identifying the best ranges.
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