Accounting Information Is Considered to Be Relevant When It

question 86

Multiple Choice

Accounting information is considered to be relevant when it

• A) can be depended on to represent the economic conditions and events that it is intended to represent.
• B) is capable of making a difference in a decision.
• C) is understandable by reasonably informed users of accounting information.
• D) is verifiable and neutral.

---

Definitions:

Technological Determinism

The theory that technology is the principal factor driving societal changes and shaping societal structure and cultural values.

Globalization

The cultural and economic changes resulting from dramatically increased international trade and exchange in the late twentieth and early twenty-first centuries.

Cultural Diffusion

The spread of cultural beliefs and social activities from one group to another, often leading to cultural assimilation or changes.

Homogenization

The process through which diverse elements are blended into a uniform mixture, often used to describe cultural or biological assimilation and standardization.