Which Statement Concerned with Establishing the Costs and Benefits of Accounting

question 58

Multiple Choice

Which statement concerned with establishing the costs and benefits of accounting information is true?

• A)It is usually easier to establish the benefits than the costs.
• B)It is normally easy to establish both the costs and the benefits.
• C)Both the costs and benefits are normally difficult to assess.
• D)The costs and benefits should be ignored when deciding on what accounting information should be produced.

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Definitions:

Ultimate Contingency

A final or ultimate condition or factor that must be met or that determines outcomes, often used in contexts of decision making or behavioral change.

Meaningful and Significant

Pertaining to having deep importance, value, or purpose that affects an individual or group profoundly.

Authentic Therapeutic Relationship

A genuine and open relationship between therapist and client that enhances the healing process in therapy.

Authenticity

The quality of being genuine or true to one's own personality, spirit, or character, despite external pressures.