Quantitative Data Is Precise and Concise, While Qualitative Data Tends

question 39

True/False

Quantitative data is precise and concise, while qualitative data tends to be complex, dense and often quite voluminous.

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Definitions:

ITQs

Individual Transferable Quotas; regulatory tools used in fisheries management to control the total amount of fish that can be caught by allocating specific allowances to fishermen or companies.

Sockeye Salmon

A species of salmon found in the Pacific Ocean, known for its red flesh and high commercial value.

Market Price

The present cost at which a service or asset is available for purchase or sale on the market.

Environmental Quality

The condition or state of the environment based on various factors such as air and water purity, and the presence of pollutants or contaminants.