Identify the Following Variable as Either Qualitative or Quantitative and Explain

question 128

Multiple Choice

Identify the following variable as either qualitative or quantitative and explain why.
-A monthly electric bill (in dollars)

• A)Quantitative because it consists of a count
• B)Qualitative because it is not a measurement or a count

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Definitions:

Accounting Sense

Pertains to the manner in which financial transactions are recorded and understood within the realm of accounting.

Financial Sense

Pertains to the practical and prudent management of money and financial resources to achieve set goals effectively.

Operating Cash Flow

Cash generated from the core business operations of a company, excluding financing and investing activities.

Marginal Revenue

The additional revenue that a company generates by selling one more unit of a product.