Which Measure of Materiality (Or Both) Considers Quantitative Considerations A) Option a
B) Option B
C) Option C
D)

question 54

Multiple Choice

Which measure of materiality (or both) considers quantitative considerations? $$\begin{array} { | l | c | c | } \hline & \text { Planning } & \text { Evaluation } \\\hline \text { A. } & \text { Yes } & \text { Yes } \\\hline \text { B. } & \text { Yes } & \text { No } \\\hline \text { C. } & \text { No } & \text { Yes } \\\hline \text { D. } & \text { No } & \text { No } \\\hline\end{array}$$

• A) Option A
• B) Option B
• C) Option C
• D) Option D

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Definitions:

Immediate Market Period

A very short time frame in economics during which the supply of a good is fixed, meaning that the quantity of the good cannot change in response to a change in price.

Time Horizon

The length of time over which an investment, project, or policy is intended or expected to operate or have an impact.

Demand Curve

A demand curve is a graphical representation that shows the relationship between the price of a good and the quantity demanded by consumers over a certain period.

Law of Supply

An economic principle stating that as the price of a good or service increases, the quantity supplied of that good or service also increases, all else being equal.