Limitations of quantitative data (Edexcel GCSE Business): Quizzes
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Practise the questions
12 questions from this quiz
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Practise the questions
12 questions from this quiz
What is quantitative data?
What is quantitative data?
Info measured & expressed using numbers
Which of these is an example of financial data?
Which of these is an example of financial data?
Sales figures and revenue
What does financial data reflect?
What does financial data reflect?
Past performance
Strong sales last year guarantee similar performance this year. True or false?
Strong sales last year guarantee similar performance this year. True or false?
False - new competitors may emerge
Why don't figures alone tell the complete story?
Why don't figures alone tell the complete story?
Underlying reasons more important
A drop in sales revenue might be due to which factor?
A drop in sales revenue might be due to which factor?
Supply chain issues
How can statistics and financial data be manipulated?
How can statistics and financial data be manipulated?
Presented differently to emphasise points
Which is a common manipulation technique?
Which is a common manipulation technique?
Cherry-picking favourable metrics
What does financial performance represent?
What does financial performance represent?
Just one aspect of business success
Which factor cannot be easily quantified?
Which factor cannot be easily quantified?
Employee motivation and satisfaction
A business shows strong financials but has staff morale problems. What does this demonstrate?
A business shows strong financials but has staff morale problems. What does this demonstrate?
Financial data gives incomplete picture
What do visual representations of data require?
What do visual representations of data require?
Contextual interpretation