Which of the Following Is Considered to Be a Characteristic

question 62

Multiple Choice

Which of the following is considered to be a characteristic of the usefulness of income statements?

• A) Income statements require judgment.
• B) Income statements evaluate past performance.
• C) Income statements depend on the accounting methods selected.
• D) Income statements exclude unreliable information.

---

Definitions:

Performance Management System

A set of processes and tools used by organizations to ensure that their employees are meeting set performance standards and contributing to the company's goals.

Goal Achievement

The process of setting, pursuing, and attaining objectives or end results, often involving specific steps or strategies to increase the likelihood of success.

HR Analytics

The process of collecting and analyzing Human Resource data to improve an organization's workforce performance.