The Difference Between Quantitative and Qualitative Analyses Is That

question 31

Multiple Choice

The difference between quantitative and qualitative analyses is that:

• A) the data used in qualitative analyses is numerical in nature.
• B) qualitative data quantifies the magnitude of variables.
• C) quantitative analysis tends to be ongoing and iterative.
• D) quantitative analysis employs member checking.
• E) qualitative data analysis is largely inductive.

Appreciate the necessity and execution of adjusting entries for accurate financial reporting.

Identify the concept and implications of the time period assumption in accounting.

Understand the principles guiding revenue recognition and expense matching for reliable financial statements.

Calculate financial ratios, specifically profit margin, to analyze company financial performance.

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Definitions:

Sense of Justice

An innate or acquired perception that guides individuals in recognizing fairness, equity, and moral rightness, influencing their reactions to actions and situations.

Rawls

Refers to John Rawls, a prominent 20th-century American political philosopher known for his theories of justice as fairness, which aim to address the allocation of societal resources in a fair and equitable manner.

Family Life

The daily activities, interactions, and relationships among members within a family unit.

Veil of Ignorance

A concept in political philosophy that suggests designing society's rules without knowing one's own status or position, to ensure fairness.