The Two Fundamental Characteristics of Financial Information Are ________

question 47

Multiple Choice

The two fundamental characteristics of financial information are ________.

• A) comparability and understandability
• B) relevance and timeliness
• C) reliability and faithful representation
• D) faithful representation and relevance

---

Definitions:

Peak Experiences

Highly positive and transcendent moments in life where an individual feels a sense of euphoria, deep fulfillment, or profound meaning, often leading to a shift in perception or values.

Ecstasy

A state of intense joy and delight, often used to describe a heightened emotional or spiritual experience.

Transcendence

The act of going beyond the limits of ordinary experience, often in a spiritual or existential sense.

Metamotives

Metamotives refer to higher-order motivations that transcend basic physiological needs, often related to self-actualization and the pursuit of meaning.