According to the FASB Hierarchy of Fundamental Qualitative Characteristics, the Two

question 71

Multiple Choice

According to the FASB hierarchy of fundamental qualitative characteristics, the two primary qualities making accounting information useful are

• A) understandability and decision usefulness
• B) relevance and faithful representation
• C) verifiability and neutrality
• D) predictive value and feedback value

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Definitions:

Overqualified

Referring to a person who has more skills, education, or experience than what is required for a job position.

Narcissism

A personality trait characterized by an inflated sense of self-importance, need for admiration, and a lack of empathy for others.

Perceived Overqualification

The perception that an individual’s education, skills, or experience exceed the requirements of their current job role.

Vocational Fit

The degree to which an individual's skills, interests, and values align with their chosen career or profession.