Hello there!
Your question asks if it's true or false that quantitative analysis cannot be applied by small organizations.
Answer: False
The reason why "false" would be the correct answer is because no matter how big or small an organization/business is, they can still apply quantitative analysis in their organization/business.
Quantitative analysis is analyzing a specific time or event, this is especially used in the financial market--performed by getting statistical and mathematical models.
Any organization, big or small, could use quantitative analysis. The reason why any of them could use it is because they all need to analyze something in the financial market, in order to see what they can improve on in the next upcoming days, and quantitative analysis would be the perfect act for the organizations. Many organizations use this method in order to see how the organization/business is financially, and uses it to see if they need to make improvements.
I hope this helps!
Best regards,
MasterInvestor