Primecoat Corporation Could Disseminate Its Annual Financial Statements Two Days

question 145

Multiple Choice

Primecoat Corporation could disseminate its annual financial statements two days earlier if it shifted substantial human resources from other operations to the annual report project. Management decided the value of the earlier report was not worth the added commitment of resources. The concept demonstrated is:

• A) Timeliness.
• B) Materiality.
• C) Relevance.
• D) Cost-effectiveness.

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Definitions:

Marine Biologists

Scientists who study life in the oceans and other saltwater environments, including the behavior, physiology, and ecology of marine species.

Freshwater Systems

Ecosystems that are comprised of bodies of water like rivers, lakes, and wetlands, which have low salt concentration.

Economic Service

Activities or functions that have monetary value to individuals or society at large, such as pollination, clean water, and raw material provision.

Nutrient Cycling

The movement and exchange of organic and inorganic matter back into the production of living matter through processes such as decomposition.