Relevant Information Has All of These Characteristics EXCEPT

question 153

Multiple Choice

Relevant information has all of these characteristics EXCEPT:

• A)past costs are irrelevant
• B)all future revenues and expenses are relevant
• C)different alternatives can be compared by examining differences in total revenue and expenses
• D)qualitative factors should be considered

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Definitions:

Hierarchical Need Theory

A psychological theory proposing that individuals have an order of needs that range from basic physical requirements to complex psychological needs, which must be fulfilled sequentially.

Self-Determination Theory

A theory of motivation that emphasizes the role of intrinsic motivation in driving human behavior and the importance of psychological needs for autonomy, competence, and relatedness.

High Achievement Needs

A personal drive in individuals who seek to achieve excellence, master complex tasks, and set and accomplish challenging goals.

High Affiliation Needs

The strong desire to build and maintain social relationships, be part of a group, and feel connected to others.