Explain the Difference Between Qualitative and Quantitative Data

question 40

Short Answer

Explain the difference between qualitative and quantitative data.

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Definitions:

Accountant-Client Privilege

A legal principle that keeps communications between an accountant and their client confidential, similar to attorney-client privilege.

Ethical Violation

An action or behavior that goes against moral principles or professional standards, potentially leading to disciplinary measures.

Prenuptial Agreement

A legal document signed by a couple before marriage outlining the allocation of assets and financial responsibilities in the event of divorce.

Professional Indemnity Insurance

Insurance that protects professionals against legal costs and claims for damages from clients due to acts of professional negligence.