The Test to Determine If an Item of Accounting Information

question 29

Multiple Choice

The test to determine if an item of accounting information is worthwhile collecting is the:

• A) cost/benefit test.
• B) cost test.
• C) worthwhile test.
• D) validation test.

---

Definitions:

Collecting Data

The process of gathering information or facts for analysis or research.

Population

The total number of individuals or entities within a specified area or group.

Categorical Syllogism

A deductive argument with two premises and three terms, each of which occurs exactly twice in two of the three propositions.

Deductive Argument

A type of logic where specific conclusions are drawn from general principles or premises, with the conclusion necessarily following from the premises.