If Perfectly Accurate and Relevant Information Is Not Available for Decision

question 99

Multiple Choice

If perfectly accurate and relevant information is not available for decision making,the accountant should consider using information that is ________.

• A) precise but irrelevant
• B) imprecise but irrelevant
• C) imprecise but relevant
• D) imprecise but timely

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Definitions:

Hazardous Products

Items or substances that pose risks to health, safety, or the environment due to their nature or potential reactions.

Collection Agency

An organization tasked with recovering funds owed by individuals or businesses on behalf of a creditor.

Consumer Debt

Money owed by consumers as a result of purchasing goods or services that are consumable and do not appreciate over time.

Employer

An individual or entity that hires and pays wages to employees for their labor.