Quantitative Variables Assume Meaningful ________, Whereas Qualitative Variables Represent Some

question 130

Multiple Choice

Quantitative variables assume meaningful ________, whereas qualitative variables represent some ________.

• A) categories, numeric values
• B) numeric values, categories
• C) categories, responses
• D) responses, categories

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Definitions:

360-Day Year

A simplified approach used in some financial calculations where the year is assumed to have 360 days instead of 365 or 366, to facilitate easier interest calculations.

Note

A financial instrument that represents a promise to pay a specific amount of money at a future date or upon demand.

Notes Issued

Financial obligations in the form of promissory notes that a company issues to creditors or investors to raise capital.

Account Payable

Liabilities to suppliers or creditors for goods or services received that have not yet been paid for.