All of the Following Statements Describe Qualities of Relevance Except

question 30

Multiple Choice

All of the following statements describe qualities of relevance except:

• A) Relevant information requires a high degree of precision.
• B) Relevant information differs between the alternatives.
• C) Relevant information is future-oriented.
• D) Relevant information includes qualitative as well as quantitative data.

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Definitions:

Coinsurance Clause

A clause in an insurance contract that encourages property owners to insure their property for an amount as close to full value as possible. If the owner insures the property up to a specified percentage—usually 80 percent—of its value, she or he will recover any loss up to the face amount of the policy.

Fire Insurance

A type of property insurance that covers damage or loss to a property due to fire.

Full Value

Refers to the complete or total value of an asset, without any deductions or adjustments.

Foreseeable Types

Refers to the different categories or kinds of outcomes that can be predicted or expected based on current knowledge or trends.