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A gym is offering a new 6-week diet plan for its members. Members who sign up for the program are weighed and measured once a week for the duration of the program. The owners of the gym want to know if the diet plan actually helps people lose weight. What variable could be a possible confounding factor in determining the cause of weight loss?
Relevance
A characteristic of financial information that is capable of making a difference in the decisions made by users.
Decision Usefulness
The quality of financial information that helps users make informed decisions regarding investment, credit, and similar activities.
General Objective
The overarching, broad goal that guides decision making and strategy within an organization or project.
Derived External User Objective
A goal or requirement for financial information that is created based on the needs of external users of financial statements.
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