Quantitative Analysis C723 - Unit 2 Exam with precise detailed answers

Quantitative Analysis C723 - |! |! |! |!




Unit 2 Exam with precise |! |! |! |! |!




detailed answers |!




What is Quantitative analysis? - Correct answer ✔The process of collecting
|! |! |! |! |! |! |! |! |! |! |!




and evaluating measurable and verifiable data such as revenues, market
|! |! |! |! |! |! |! |! |! |!




share, and wages. |! |! |!




What is the business purpose of Quantitative Analysis? - Correct answer ✔To
|! |! |! |! |! |! |! |! |! |! |! |!




determine its success, and to make purchasing decisions, marketing decisions,
|! |! |! |! |! |! |! |! |!




and even sales decisions.
|! |! |! |!




What is Qualitative Analysis? - Correct answer ✔Uses subjective judgment to
|! |! |! |! |! |! |! |! |! |! |!




analyze a company's value or prospects based on non-quantifiable
|! |! |! |! |! |! |! |! |!




information, such as management expertise, industry cycles, strength of|! |! |! |! |! |! |! |! |!




research and development, and labor relations. Thoughts/opinions
|! |! |! |! |! |!




What is the difference between Qualitative and Quantitative analysis? -
|! |! |! |! |! |! |! |! |! |!




Correct answer ✔ |! |!




How is quantitative analysis used in business decision making? - Correct
|! |! |! |! |! |! |! |! |! |! |!




answer ✔Qualitative analysis fundamentally means to measure something by
|! |! |! |! |! |! |! |! |!




its quality rather than quantity. ... When we do quantitative analysis, we are
|! |! |! |! |! |! |! |! |! |! |! |! |!




exploring facts, measures, numbers and percentages.
|! |! |! |! |!