Question: 2-b. How does your answer relate to the qualitative characteristics of accounting information? Note: You may select more than one answer. Single click the box

 2-b. How does your answer relate to the qualitative characteristics of

2-b. How does your answer relate to the qualitative characteristics of accounting information? Note: You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect. Relevance and faithful representation often conflict. ? While a forecast might be relevant, it might include enough subjectivity and bias that its representational faithfulness is insufficient. ? The cost effectiveness constraint precludes requiring information that is particularly costly to develop. ? The necessary sophistication of forecasting techniques render forecasts too costly to provide

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