On March 15,MVX Corporation Announced That It Had Changed Its

question 36

Multiple Choice

On March 15,MVX Corporation announced that it had changed its fiscal year-end from June 30 to May 31.As a result of this change,the corporation's current fiscal year is comprised of an eleven-month period.The corporation issued a press release that stated "management believes the May 31 year-end is consistent with more of its peers in the industry,allowing for more meaningful analysis and comparisons within the sector." To which of the four characteristics of useful information is management referring?

• A)Relevance.
• B)Reliability.
• C)Consistency.
• D)Comparability.

---

Definitions:

Individualist Culture

A culture that emphasizes personal achievements and independence, encouraging individuals to prioritize their own goals over those of the group.

Group Harmony

Group harmony refers to the state of peaceful coexistence and cooperation within a group, often prioritized in collectivist cultures where the well-being of the group is considered above individual interests.

Independence

The state or quality of being self-reliant and free from outside control.

Southern United States

A region in the United States characterized by its distinct cultural, historical, and geographical features, often referred to as the American South.