The Design Principle KISS Stands for Keep It Sweet and Simple

question 59

True/False

The design principle KISS stands for Keep It Sweet and Simple.

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Definitions:

Decision Usefulness

The quality of financial information that helps users make informed decisions regarding investment, credit, and similar activities.

General Objective

The overarching, broad goal that guides decision making and strategy within an organization or project.

Derived External User Objective

A goal or requirement for financial information that is created based on the needs of external users of financial statements.

Derived Company Objective

Strategic goals or intentions that are developed based on an analysis of a company's environment and internal capabilities.