Which One of the Following Is Not an Enhancing Quality

question 91

Multiple Choice

Which one of the following is not an enhancing quality of useful information?

• A)Timeliness
• B)Understandability
• C)Materiality
• D)Comparability

---

Definitions:

Economic Profit

The total revenue from operations minus both the explicit and implicit costs; it's a measure of profitability factoring opportunity costs.

Accounting Profit

The net income a company reports on its financial statements, calculated as total revenues minus explicit costs of doing business.

Marginal Cost

The additional cost incurred by producing one more unit of a good or service.

Marginal Benefit

The additional benefit derived from producing one more unit of a good or service.