According to the Conceptual Framework information that is free from material error and bias has greater:
A) relevance.
B) decision marking usefulness.
C) faithful representativeness.
D) ness.

Question

Quizplus · Accepted Answer

The faithful representativeness characteristic refers to information that accurately represents the economic phenomena it is intended to represent, and that it is free from material error and bias. Therefore, information that is free from material error and bias has greater faithful representativeness.

According to the Conceptual Framework Information That Is Free from Material