Yes No Not applicable 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 ma 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