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Which of the Following Statements About Relevant Information Is/are True

question 69

Multiple Choice

Which of the following statements about relevant information is/are true?
i. An accountant can use past prices, previous market demand and previous cost data to predict future costs when repetitive decisions are made.
ii. No relevant information is available within an organisation's information system for unique decisions.
iii. It is important to segregate relevant data from irrelevant data because it is possible to overload management with information.


Definitions:

Obsessive-compulsive Disorder

A mental disorder characterized by unwanted and intrusive thoughts (obsessions) and repetitive behaviors or mental acts (compulsions) that an individual feels driven to perform.

Post-traumatic Stress Disorder

A disorder related to mental health, sparked by involvement in or witnessing of an event causing extreme fear, defined by involuntary recollection, terrifying nightmares, and deep anxiety.

Schizophrenia

A severe mental disorder characterized by distortions in thinking, perception, emotions, language, sense of self, and behavior.

Positive Symptoms

Those symptoms of schizophrenia that indicate the presence of inappropriate behavior, such as hallucinations, delusions, agitation, and inappropriate giggling.

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