Which of the Following Variables Is Considered to Be Qualitative

question 41

Multiple Choice

Which of the following variables is considered to be qualitative?

• A)annual sales
• B)earnings per share
• C)age
• D)method of payment (e.g. ,cash or credit card)
• E)price

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Definitions:

Periodic Inventory System

A method of accounting for inventory where updates to the inventory records are made periodically, typically at the end of an accounting period, rather than after each transaction.

Net Method

An accounting method where purchases are recorded at their net amount after deducting any purchase discounts.

Credit Terms

Conditions under which credit is extended by a lender to a borrower, including repayment schedule, interest rate, and late penalties.

Inventory Returns Estimated

An estimate of the value or volume of goods that are expected to be returned by customers over a specific period.