Question: Which statement best represents the concept of cost - effectiveness of accounting information? Select answer from the options below It considers the profit of the
Which statement best represents the concept of costeffectiveness of accounting information?
Select answer from the options below
It considers the profit of the organization to be the most important goal.
It considers all accounting information costs to be worthwhile, regardless of the level of effectiveness.
It considers whether the cost of achieving a characteristic exceeds the benefit of increased decision usefulness.
It considers the costs of gathering and processing the data, but not storing the data.
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