Enhancing Qualitative Characteristics of Accounting Information Include

question 93

Multiple Choice

Enhancing qualitative characteristics of accounting information include:

• A)Relevance and comparability.
• B)Comparability and consistency.
• C)Faithful representation and relevance.
• D)Cost effectiveness and materiality.

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Definitions:

Conscientious

Characterized by being diligent, careful, and meticulous; often associated with a strong sense of duty and responsibility.

Rank-Order Reversal

An occurrence where the position of individuals or items in a ranked list changes significantly, indicating a change in their relative standings or magnitudes over time.

Cumulative Continuity

refers to the psychological concept that personality traits become more stable and pronounced over time through the accumulation of consistent patterns of thoughts, feelings, and behaviors.

Person-Environment Transactions

Interactions between individuals and their physical, social, and psychological environments that influence behavior and development.