In the FASB Hierarchy of Qualitative Characteristics, Understandability Is a Characteristic

question 65

Multiple Choice

In the FASB hierarchy of qualitative characteristics, understandability is a characteristic that is

• A)a secondary and interactive quality
• B)a threshold for recognition
• C)an overall quality
• D)a user-specific quality

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Definitions:

Secondary Succession

An ecological succession that takes place after some disturbance destroys the existing vegetation; soil is already present. See succession.

Resource Partitioning

The process by which species adapt to competition by utilizing different parts of the available resources, reducing direct competition.

Realized Niche

The actual conditions and resources in which a species exists due to biotic and abiotic constraints, as opposed to its potential range.

Limiting Resource

A resource in short supply that restricts the growth, abundance, or distribution of an organism or a population.