Determine Whether the Data Are Qualitative or Quantitative

question 31

Multiple Choice

Determine whether the data are qualitative or quantitative.
-the colors of automobiles on a used car lot

• A)qualitative
• B)quantitative

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Definitions:

Lessee Firms

Companies that enter into lease agreements to rent assets or property rather than purchasing them outright.

Restrictive Covenants

Provisions in a contract or loan agreement that limit certain actions of the borrower to protect the interest of the lender.

Leasing

A contractual arrangement where one party allows another to use an asset for a specified time in return for periodic payments.

Buying

The action of purchasing goods, services, or financial assets.