The Four Principal Qualitative Characteristics Recognised by the IASB Framework

question 18

Multiple Choice

The four principal qualitative characteristics recognised by the IASB Framework are:

• A)Materiality,relevance,timeliness,cost versus benefit
• B)Relevance,materiality,reliability,comparability
• C)Understandability,relevance,reliability,comparability
• D)Understandability,cost versus benefit,relevance and reliability

Recognize the importance of maintaining a positive relationship with the recipient despite delivering bad news.

Know the guidelines for making a clear statement of bad news when organizing a negative message using the indirect method.

Understand how to effectively close a negative message to build goodwill.

Discern when and how to offer alternative solutions or future possibilities when refusing requests or claims.

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Definitions:

Compliantly

Acting in accordance with rules, orders, or instructions; showing a willingness to follow demands or requests.

Gender Constancy

The understanding that a person's gender identity is fixed and does not change over time or based on external appearances.

Gender Schema

A cognitive framework that organizes information relevant to gender, influencing how people perceive and behave based on their gender norms.

Biological Factors

Biological factors are the genetic, neurological, and physical conditions that affect human behavior and health.