Which of the Following Statements Is not true

question 141

Multiple Choice

Which of the following statements is not true?

• A)Comparability means a company uses the same accounting principles from year to year.
• B)Faithful representation is the quality of information that gives assurance that it is free of error.
• C)Relevant accounting information must be capable of making a difference in the decision.
• D)The primary objective of financial reporting is to provide financial information that is useful to investors and creditors for making decisions.

Identify the effects of systematic evaluation, escalation of commitment, and post-decisional justification on decision quality.

Grasp how implicit favorites and satisficing play into decision strategies.

Understand the role and basis of intuition in decision-making.

Comprehend the emotional aspects of decision-making and preference formation.

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Definitions:

Three Levels

Typically refers to a conceptual framework or hierarchy within a particular context, though it requires additional context to fully define.

Professional Buyers

Individuals or entities that purchase goods and services for their company or organization, often seeking to obtain the best terms and prices.

Purchasing Agents

Individuals responsible for acquiring goods and services required by their organization from external suppliers.

Sales Presentations

Demonstrations or pitches delivered by salespeople showcasing a product or service's features and benefits with the goal of persuading the audience to make a purchase.