All of the Following Are Characteristics of Accounting Information Except

question 109

Multiple Choice

All of the following are characteristics of accounting information except

• A)faithful representation.
• B)comparability.
• C)relevance.
• D)flexibility.

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Definitions:

Informative

Providing useful or significant information or data about a subject or topic.

One-Point Rule

A mathematical principle used in decision making that states if a certain condition is met or not met, a specific action should be taken or avoided.

Runs Rule

A non-parametric statistical test that checks for randomness in a data sequence.

Out-Of-Control Signal

An indication, often from a control chart, that the process variability is exceeding the predetermined control limits.