Which one of the following statements is correct in case of quantitative data? O a. They represent a quality or feature O b. They represent a measurable number O c. They are neither counted nor measured O d. They fit into various categories

Which one of the following statements is correct in case of quantitative data? O a. They represent a quality or feature O b. They represent a measurable number O c. They are neither counted nor measured O d. They fit into various categories

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Concept explainers

Breakeven Analysis

Break Even Analysis is a term used in business, cost accounting and economics. It refers to a point where the total cost incurred becomes equal to the total revenue earned. Break Even Analysis determines the number of units to be sold to earn the revenue required to cover the total costs. Total cost is a sum total of fixed and variable costs.

Process analysis

The term process analysis can be defined as breakdown of production process into different phases that converts inputs into output. A series of routine activities are incorporated using organizational resources with a view to achieve operational excellence.

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Which one of the following statements is correct in case of quantitative data?
O a. They represent a quality or feature
O b. They represent a measurable number
O c. They are neither counted nor measured
O d. They fit into various categories

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