An example of qualitative factor is __________?
Correct answer: A. employee morale
- A. employee morale
- B. cost of materials
- C. cost of workers
- D. cost of marketing
Explanation
Employee morale is qualitative because it describes an attitude or workplace condition that is not directly measured in monetary terms. Material, labour, and marketing costs are quantitative financial factors.
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About Cost Accounting
Cost accounting measures and analyses the cost of producing goods or providing services for planning, control and pricing decisions. It covers direct and indirect costs, fixed and variable costs, job and process costing, break-even analysis, marginal costing, overhead allocation, and the difference between product cost and period cost.
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