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

Question

Quizplus · Accepted Answer

Information that is free from material error and bias has greater faithful representation, as it accurately represents the economic phenomenon it is intended to portray. Relevance refers to how useful the information is for decision-making, while verifiability refers to the ability to assess whether the information is reliable or not. While free from error and bias information may have decision making usefulness and verifiability, these are not the primary characteristics emphasized in this situation.

According to the Conceptual Framework Information That Is Free from Material