Characteristics Associated with Relevant Accounting Information Are

question 51

Multiple Choice

Characteristics associated with relevant accounting information are

• A) comparability and timeliness.
• B) predictive value and confirmatory value.
• C) neutral and verifiable.
• D) consistency and understandability.

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Definitions:

Norms

Shared expectations or rules within a society or group about how members should act.

Personality Test

A questionnaire or other standardized instrument designed to reveal aspects of an individual's character or psychological makeup.

Established Standards

Officially recognized criteria or benchmarks that are widely accepted and used as a basis for comparison or judgment.

Criterion Validity

The extent to which a measure is related to an outcome or, more specifically, the effectiveness of a test in predicting an individual's behavior in specific contexts.