Which of the Following Actions Best Describes the Qualitative Characteristic

question 15

Multiple Choice

Which of the following actions best describes the qualitative characteristic 'relevance'?

• A)The financial report of KMC Plc was audited by one of the Big 4 four accounting firms.
• B)DGC omitted a sales transaction equal to 10.5% of its accounts receivable.
• C)MCB Plc and DGC Plc both use accelerated depreciation method.
• D)GEP Plc did not revalue its intangible assets because it was difficult to obtain the fair value of the assets.

---

Definitions:

Standardization

The method of establishing and advancing technological norms to guarantee uniformity and interoperability across processes, products, or services.

Lines of Authority

The clear and formal hierarchical structure within an organization that dictates who has control over decisions and resources.

Supervisor

An individual in a position of authority who oversees and directs the work of others in an organization.

Vertical Specialization

Vertical specialization refers to the degree to which tasks within an organization are subdivided into separate jobs.