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juvens montelus
on Oct 23, 2024

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In order for information to be relevant, the decision to be made must have an effect on:
i. future cost or revenues.
ii. past cost or revenues.
iii. the timeliness of information.

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

Timeliness

The characteristic of occurring at a suitable or opportune time, particularly relevant in the context of information delivery and project completion.

Future Cost

Costs that have not yet been incurred but are expected to be as a result of current decisions or plans.

Information

Data that has been processed, organized, or presented in a manner that makes it meaningful or useful to the person receiving it.

  • Determine the features of applicable information, considering its influence on future financial outlays or earnings and the critical nature of promptness.
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Sandra BlueticOct 23, 2024
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