The Best Explanation of Relevance Is

question 46

Multiple Choice

The best explanation of relevance is:

• A)ensuring the benefit of the information is greater than the cost of providing it.
• B)ensuring that information is expressed as clearly as possible.
• C)ensuring that information is useful for decision-making.
• D)ensuring that information is free from bias.

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Definitions:

Capital Goods

Long-term assets that are used in the production of other goods and services, such as buildings, machinery, and equipment, which are not consumed in the production process.

Borrows

refers to the act of obtaining money, goods, or services in exchange for a promise of future repayment.

Financial System

A network of institutions, markets, instruments, and mechanisms that facilitate the exchange of funds and the allocation of resources in an economy.

Certificate Of Indebtedness

A government or corporate bond that acknowledges a debt and the obligation to repay it with interest by a specified date.