A Quantitative Variable Measure Classifies While an Qualitative Variable (Attribute)

question 102

True/False

A quantitative variable measure classifies while an qualitative variable (attribute) measure esq.uantifies.

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Definitions:

Assets

Economic resources owned or controlled by an individual, company, or entity, expected to provide future benefits.

Liabilities

Financial obligations or debts owed by a business to external parties or creditors.

Owner's Capital

The amount of money and other assets invested into a business by its owner or owners.

Owner's Drawings

Money removed by a sole proprietorship or partnership owner from the company for their private use.