The Four Factors That Determine the Usefulness of Information to Managers

question 40

Multiple Choice

The four factors that determine the usefulness of information to managers are quality, timeliness, ________, and relevance.

• A)completeness
• B)variety
• C)detail
• D)consistency

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Definitions:

IFRS

International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board (IASB) that guide the reporting of financial information globally.

Listed Public Company

A corporation whose shares are traded on a public stock exchange, allowing for widespread ownership by investors.

Protective Rights

Rights granted to minority shareholders or debt holders to protect their interest, which may include veto powers on major corporate actions.

Capital Expenditure

Funds used by a company to acquire, upgrade, and maintain physical assets such as property, industrial buildings, or equipment.