Is an Infinite Regress Impossible, as Aquinas Says? Can You

question 10

Essay

Is an infinite regress impossible, as Aquinas says? Can you conceive of an infinite series stretching back in time or forward to the future? Explain. Why does Aquinas think that an infinite regress is impossible? What is his argument?

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Definitions:

Qualitative Characteristics

Attributes that make the information provided in financial statements useful to users, such as relevance and faithfulness.

Faithful Representation

A qualitative characteristic of financial information that ensures the reported data accurately reflects the economic phenomena it purports to represent.

Relevance

The quality of information that is capable of making a difference in the decisions made by the users of financial information.

Verification Costs

Expenses associated with ensuring that a product, service, or system meets specific standards or requirements.