According to Statement of Financial Accounting Concepts No

question 31

Short Answer

According to Statement of Financial Accounting Concepts No.2, predictive value is an ingredient of the primary quality of $$\begin{array} { l c c } &\text { Relevance } & \text { Reliability }\\\text { a. } & \text { Yes } & \text { No } \\\text { b. } & \text { Yes } & \text { Yes } \\\text { c. } & \text { No } & \text { No } \\\text { d. } & \text { No } & \text { Yes }\end{array}$$

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Definitions:

Political Party

An organized group of people with at least roughly similar political aims and opinions, seeking to influence public policy by getting its candidates elected to public office.

Role Theory

A theoretical perspective based on the premise that a substantial portion of observable, day-to-day social behavior is simply persons carrying out role expectations.

Evolutionary Theory

A scientific theory that explains the diversity of life on Earth by means of natural selection and genetic inheritance.

Evolutionary Perspective

An approach in various fields that explains how aspects of human psychology and behavior can be understood in terms of evolutionary adaptions.