Quantitative data can be numeric or non-numeric. O True False Data acquisition is generally thought to...

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Quantitative data can be numeric or non-numeric. O True False

Data acquisition is generally thought to be costless. O True False

business economics

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Answer 1

Answer #1

Quantitative data can be defined as the data which can be measured only in numerical values. For example 5kg, 5 km etc.

Hence the given statement is false.

2.

Since the data can be either primary data which are collected by the person itself. So it is costly. On the other hand, the secondary data which are received by any source and this dtad was collected by some people or institution for their own benefit. So they charge price for the data.

Hence data acquisition are costly.

Hence the given options are false.

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Answer 2

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Data acquisition is generally thought to be costless O True False