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

Identify the structure and components of social media marketing plans.

Understand the significance of target audience analysis including their social profiles and behaviors.

Understand different organizational models for managing social media within a company.

Comprehend the role and impact of creative assets and personas in social media campaigns.

---

Definitions:

Profit

The earnings obtained when income from a business endeavor outstrips the total expenses, costs, and taxes necessary to maintain that endeavor.

Marginal Revenue

The additional income that is gained from selling one more unit of a product or service.

Price Change

A modification in the selling price of goods or services over a period.

Total Cost

The aggregate financial sum incurred by a firm in the production of goods or services, including both fixed and variable costs.