Quantitative Factors ________

question 119

Multiple Choice

Quantitative factors ________.

• A) include financial information, but not nonfinancial information
• B) can be expressed in monetary terms
• C) are always relevant when making decisions
• D) include employee morale

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Definitions:

Net Sales

The revenue from sales transactions after deducting returns, allowances, and discounts.

Net Income

The total profit of a business after all expenses and taxes have been subtracted from revenue.

Cost Allocation

The process of identifying, aggregating, and assigning costs to cost objects, such as products, services, or departments.

Intangible Asset

An identifiable non-monetary asset without physical substance, such as patents, trademarks, and goodwill, that provides economic benefits.