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Type of outcomes that can be measured in numerical terms are classified as

A. qualitative factors

B. quantitative factors

C. expected factors

D. recorded factors

Answer: Option B

Solution(By Examveda Team)

Type of outcomes that can be measured in numerical terms are classified as quantitative factors. Quantitative factors are outcomes from certain actions that are measurable in numbers or numeric terms. In other words, managers can quantify the effects of a decision. This could include measuring costs, revenues, or even non-financial data for outcomes to a decision.

This Question Belongs to Management >> Management Accounting

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