Which of the following statements about qualitative factors is not true?
A) Qualitative factors are easily quantified in terms of costs and revenue.
B) The natures of qualitative factors in decision making vary with circumstances related to the opportunities under consideration.
C) Qualitative factors stem from non-financial objectives.
D) Qualitative factors should be considered by management when making a decision.

Question

Quizplus · Accepted Answer

Qualitative factors cannot be easily quantified in terms of costs and revenue, as they are based on subjective and non-financial factors. Quantitative factors can be easily measured in terms of numerical values, but qualitative factors require subjective judgment and interpretation.

Which of the Following Statements About Qualitative Factors Is Not