Classify the Variable as Qualitative or Quantitative

question 20

Multiple Choice

Classify the variable as qualitative or quantitative.
-the numbers on the shirts of a boyʹs football team

• A) qualitative
• B) quantitative

Understand the analysis and interpretation of cash flow and cash-based ratios for business decision-making.

Grasp the basics of preparing the statement of cash flows, including the calculation of net cash increase/decrease.

Understand the capabilities and limitations of privacy settings on social networking sites.

Recognize the varying uses and perceptions of social media between different age groups and their implications for personal and professional use.

---

Definitions:

Prepaid Expense

Expenditures paid for in advance and recorded as assets before they are used or consumed.

Asset

An economic resource owned or controlled by an individual or entity, expected to provide future benefits.

Debit

An entry recorded on the left side of an account ledger, representing an increase in assets or expenses or a decrease in liabilities, equity, or income.

Snow Removal

Services or actions taken to clear snow from roads, sidewalks, and other surfaces, typically considered a maintenance expense for businesses in areas with snowfall.