Sir, how to tell what is measurable and what is quantifiable?
See page 126 of our notes. Also covered in the lectures for that chapter.
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.
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.
The forum ‘Ask the Tutor ACCA P3 Exams’ is closed to new topics and replies.