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Measurable and Quantifiable

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBL Exams › Measurable and Quantifiable

  • This topic has 3 replies, 2 voices, and was last updated 7 years ago by Ken Garrett.
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  • November 22, 2017 at 1:49 pm #417410
    abdulahad92
    Member
    • Topics: 17
    • Replies: 36
    • ☆☆

    Sir, how to tell what is measurable and what is quantifiable?
    Regards

    November 22, 2017 at 4:51 pm #417453
    Ken Garrett
    Keymaster
    • Topics: 10
    • Replies: 10589
    • ☆☆☆☆☆

    See page 126 of our notes. Also covered in the lectures for that chapter.

    November 23, 2017 at 9:34 am #417556
    abdulahad92
    Member
    • Topics: 17
    • Replies: 36
    • ☆☆

    Sir, I did go over the notes+PP but still the difference is unclear.
    At best what I understood is that measurable = predicting without a number or percentage.
    Whereas, quantifiable = having the ability to predict with good accuracy the figure or percentage.

    November 23, 2017 at 3:02 pm #417616
    Ken Garrett
    Keymaster
    • Topics: 10
    • Replies: 10589
    • ☆☆☆☆☆

    That is exactly it. Measurable = difficult to predict, but you can measure retrospectively. For example, it is difficult to predict the effect of Brexit on the UK economy, but in 5 years’ time we will be able to measure it.

    Quantifiable, you can predict with good accuracy in advance.

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