A ratio reflects quantitative as well as qualitative aspects of results.a)Trueb)Falsec)Cant sayd)Partially trueCorrect answer is option 'B'. Can you explain this answer?

Question

Answer

Explanation:

A ratio is a mathematical comparison of two or more quantities. It is a quantitative measure that expresses the relationship between two or more things. However, a ratio can also reflect qualitative aspects of results in addition to quantitative aspects.

Qualitative aspects of results are those that are not easily measured or expressed numerically, but instead are described using words or language. These may include factors such as the quality of the data used, the relevance of the results to the research question, or the implications of the findings for future research or practice.

Therefore, the statement 'A ratio reflects quantitative as well as qualitative aspects of results' is false. While a ratio may provide some insights into the quantitative aspects of results, it does not necessarily capture all of the qualitative aspects.

In conclusion, while ratios are useful for expressing the quantitative relationships between different aspects of a study, they should not be relied on exclusively to capture the full range of results and implications.

Answer

Accounting data provides information about quantitative (or monetary) aspects of business. Hence, the ratios also reflect only the monetary aspects, ignoring completely the non-monetary (qualitative) factors.

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