Which of the Following Is Not a Qualitative Characteristic Contained

question 1

Multiple Choice

Which of the following is not a qualitative characteristic contained in the IASB's Framework for the Preparation of Financial Statements?

• A)Understandability
• B)Timeliness
• C)Relevance
• D)Reliability

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Definitions:

Dishabituation

The term used to describe the process in which an infant’s interest is renewed after a change in the stimulus.

Habituation

A psychological and physiological process whereby an individual becomes accustomed to a stimulus through repeated exposure, leading to a decrease in response.

Perceive Change

The process of recognizing or detecting alterations in one's environment or circumstances.

Perceptual Narrowing

The developmental process during which an individual becomes more attuned to specific sensory inputs and loses sensitivity to others, often observed in early childhood.