Which data type is most associated with numbers such as account balances, values, and cash flows?

Which data type is most associated with numbers such as account balances, values, and cash flows?

• A. Qualitative data
• B. Quantitative data
• C. Anecdotal data
• D. Subjective data

Answer: (B)

Numbers like account balances, values, and cash flows are described by quantitative data. Quantitative data are numeric measures that you can count or measure and then perform arithmetic on, which makes them suitable for calculating totals, averages, present value, growth rates, and other financial metrics. Qualitative data are descriptive and non-numeric, such as categories or labels. Anecdotal data are individual stories or observations not collected in a systematic way. Subjective data reflect personal judgments or opinions. Because the items listed are inherently numeric and used in calculations, quantitative data is the appropriate label.

Numbers like account balances, values, and cash flows are described by quantitative data. Quantitative data are numeric measures that you can count or measure and then perform arithmetic on, which makes them suitable for calculating totals, averages, present value, growth rates, and other financial metrics. Qualitative data are descriptive and non-numeric, such as categories or labels. Anecdotal data are individual stories or observations not collected in a systematic way. Subjective data reflect personal judgments or opinions. Because the items listed are inherently numeric and used in calculations, quantitative data is the appropriate label.