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.

• A) i
• B) ii
• C) ii and iii
• D) i and iii

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Definitions:

Categorical Syllogism

A form of deductive reasoning consisting of three statements: a major premise, a minor premise, and a conclusion, each sharing a common term.

Middle Term

In logic, the term that appears in both premises of a syllogism but not in the conclusion, used to link the major and minor terms.

Propositions

Statements or assertions expressing a judgement or an opinion that can be either true or false.

Middle Term

In the context of a syllogism in logic, the middle term is the term that appears in both premises but not in the conclusion, serving as a link between the two terms that do appear in the conclusion.