For Financial Information to Be Useful for Analysis, It Must

question 28

Multiple Choice

For financial information to be useful for analysis, it must be both relevant and reliable. Other required qualitative characteristics are:

• A) predictability and conservatism.
• B) timeliness and cost.
• C) understandability and comparability.
• D) consistency and creativity.

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Definitions:

Hindsight Bias

A cognitive bias that causes people to overestimate their ability to predict events that have already happened.

Unconscious Patronization

A subtle form of discrimination where individuals, without realizing it, treat members of marginalized groups in a condescending manner.

9/11 Terrorist Attacks

A series of coordinated terrorist attacks executed by al-Qaeda on September 11, 2001, targeting the World Trade Center and the Pentagon, leading to widespread global impacts.

White Supremacists

Individuals or groups advocating for the supremacy of white people, typically marked by racist ideology.