When Information Is Important Enough to the Informed User, So

question 128

Multiple Choice

When information is important enough to the informed user, so that, if it was omitted or erroneous, it would make a difference in the user's decision, it is:

• A)comparable.
• B)material
• C)timely.
• D)understandable.

---

Definitions:

Drawer's Account

Refers to the account from which a check is drawn; the account belongs to the drawer (the person who writes the check).

Payee

A payee is a person or organization to whom money is paid or is to be paid.

Check

A written order instructing a bank to pay a specified amount of money from the writer's account to the person or entity in whose name the check has been issued.

Certificate Of Deposit

A savings certificate with a fixed maturity date and specified fixed interest rate that is issued by a bank.