Answer in step by step with explanation.Don't use Ai and chatgpt. Qualitative information is only relevant for decisionmaking if it can be quantified. True or False

"Qualitative information is only relevant for decision making if it can be quantified. True or…

Answered: Qualitative information is only…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter10: Short-term Decision Making

Section: Chapter Questions

Problem 5Q: What are some of the qualitative issues that a special order can create?

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Similar questions

Which of the following is NOT a characteristic of effective information? a. relevance b. accuracy c. summarization d. precision
Which is affected by measurement inconsistency and measurement uncertainty?
Which of the following statements is FALSE about "backward thought process'? Statement I. It considers a variable of interest (the model output) and defines its underlying, or causal, factors. Statement Il. It is a qualitative process. Choices: A. Neither of the two statements is FALSE B. Both statements are FALSE. C. Only statement Il is FALSE. D. Only statement I is FALSE.
For information to be relevant, it has to possess: Only predictive value Both predictive and confirmatory value Only confirmative value Either predictive or confirmatory value, or both
The inputs to a model may have different roles. Among the choices, which should be excluded? Choices: A.decision variables B.intermediate calculation C.No choice given D.conversion factors E.historical data
Comparability, understandability, timeliness, and verifiability are enhancing qualitative characteristics that contribute to: Relevance Faithful Representation a. Yes No b. No No c. No Yes d. Yes Yes
Horizontal analysis is often referred to as the simplest approach of analyzing information. O True False
What does it mean for a source to be objective?
which of the following is not a qualitative characteristic associated withRelevance?a. Completenessb. Free from errorc. Neutralityd. All the above
A critical assumption of the exploratory factor analysis (EFA) is that it is only appropriate for sets of non-nominal items which theoretically belong to reflective latent factors. Why is it so explain briefly? coursehero
The fundamental qualitative characteristic of faithful representation has the components of; a- Comparability, consistency, and confirmatory value b- Predictive value and confirmatory value. c- Completeness, neutrality, and freedom from error d- Understandability, predictive value, and reliability.
What makes information irrelevant to decision making?

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Qualitative information is only relevant for decision making if it can be quantified. True or False