Under the Framework the Four Principle Qualitative Characteristics for General

question 36

Multiple Choice

Under the Framework the four principle qualitative characteristics for General Purpose Financial Statements are:

• A)relevance,reliability,materiality,conservatism
• B)relevance,reliability,comparability,understandability
• C)uniformity,consistency,prudence,readability
• D)comparability,verifiability,timeliness,understandability

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Definitions:

User Satisfaction

The measurement of how well products or services meet or exceed the expectations of users or customers.

Subsystems

Components or smaller systems that operate within a larger system, each with a specific function contributing to the overall system's performance.

Software System

A collection of software components, programs, or procedures that are organized to perform a specific function or set of functions.

HR Manager

A professional responsible for overseeing human resources functions within an organization, including recruitment, training, and employee relations.