What Is the Ultimate Objective of Accounting Information

question 28

Multiple Choice

What is the ultimate objective of accounting information?

• A) faithful representation
• B) decision usefulness
• C) relevance
• D) predictive value

---

Definitions:

Relationship

A connection, association, or involvement between two or more entities, often characterized by a level of emotional or social linkage.

Equity Model

A theory that suggests fairness in the workplace is achieved when the ratio of inputs to outcomes is balanced among employees.

Positives

Positives refer to the favorable aspects or outcomes associated with a situation, decision, or action.

Negatives

Aspects, characteristics, or factors that are considered undesirable, harmful, or detrimental.