AIS Is an Important Area of Study for Future Accountants

question 59

Multiple Choice

AIS is an important area of study for future accountants because a well-designed AIS can respond to many elements of the conceptual framework.Which of the following statements about qualitative characteristics of accounting information is most true?

• A)Reliability is more important than relevance.
• B)Relevance is more important than reliability.
• C)Reliability must sometimes be sacrificed to attain relevance.
• D)Tradeoffs between relevance and reliability violate the cost-benefit constraint.

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Definitions:

Panic Attack

A sudden episode of intense fear or anxiety that triggers severe physical reactions when there is no real danger or apparent cause.

Generalized Anxiety Disorder

A mental health disorder characterized by persistent and excessive worry about various aspects of life, leading to significant distress or impairment.

Sweating Profusely

The act of excreting sweat in a heavy or excessive manner, often due to heat, physical activity, or stress.

Anxiety Disorders

A group of mental health disorders characterized by excessive fear, anxiety, and related behavioral disturbances, significantly impacting daily activities.