The Framework describes the qualitative characteristic of relevance as:
A)information that can be classified
B)information that is of value to users in decision making
C)information that can be reliably measured
D)information that is understandable.

Question

Quizplus · Accepted Answer

Qualitative characteristic of relevance refers to information that is of value to users in decision making. It means that the information should be capable of influencing the economic decisions of users. The other options do not fully capture the essence of relevance as a qualitative characteristic.

The Framework Describes the Qualitative Characteristic of Relevance As