In Order for Accounting Information to Be Relevant, It Must

question 51

Multiple Choice

In order for accounting information to be relevant, it must

• A) have very little cost.
• B) help predict future events or confirm prior expectations.
• C) be verifiable.
• D) be used by a lot of different organizations.

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Definitions:

Retention

The ability to preserve and recall information or experiences over time.

Effortful Processing

A type of information processing that requires attention and conscious effort to encode or transform information.

Automatic

Processes or behaviors that occur with little or no conscious awareness or control, often as a result of learning and repetition.

Creatively

In a manner involving the use of the imagination or original ideas to create something; inventively.