In Order for Accounting Information to Be Useful in Making

question 34

Multiple Choice

In order for accounting information to be useful in making informed decisions, it must be

• A)relevant
• B)reliable
• C)both relevant and reliable
• D)nether relevant nor reliable

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Definitions:

Dynamically Continuous Innovation

Refers to a moderate level of change in technology or product innovation that significantly alters, but does not make obsolete, existing products or consumer habits.

Discontinuous Innovation

A radical form of innovation that introduces a new concept or product that significantly changes consumer habits, market dynamics, or the industry landscape.

Consumption Patterns

The typical manner in which individuals or groups buy, use, and dispose of goods and services over time.

Personal Selling

A direct form of marketing where salespeople interact face-to-face with customers to promote and sell products or services.