Which of the Following Statements Describes Both Qualitative and Quantitative

question 17

Multiple Choice

Which of the following statements describes both qualitative and quantitative approaches to data analysis?

• A)In both forms of data analysis,the researcher carefully examines empirical information to reach a conclusion.
• B)Quantitative analysis is a private process,whereas qualitative analysis is a public process.
• C)Qualitative and quantitative researchers manipulate numbers that represent empirical facts to test theoretical hypotheses.
• D)Both qualitative and quantitative researchers choose from a limited number of specialized,standardized sets of data analysis techniques.
• E)Qualitative and quantitative researchers do not begin data analysis until they have collected all of the data.

Understand the definitions and differences between Pigovian taxes and command-and-control policies.

Recognize the concept of externalities and their impact on market efficiency.

Identify and contrast different public policies toward externalities.

Calculate the social value of goods considering both external costs and benefits.

---

Definitions:

Variable Costing

A technique in managerial accounting where only variable production costs are charged to product units, differentiating it from absorption costing by not including fixed overhead.

Absorption Costing

A cost accounting method that includes all manufacturing costs, including both fixed and variable, in the cost of a product.

Contribution Format

A type of income statement layout that separates variable costs from fixed costs, highlighting the contribution margin.

Absorption Costing

A technique in cost accounting that incorporates all costs of production, including fixed and variable, into the valuation of inventory and cost of goods sold.