Answered: An information which provides feedback…

An information which provides feedback about previous evaluations is regarded as having. a. Futuristic value b. Predictive value c. Confirmatory value d. Relevant value

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter12: Balanced Scorecard And Other Performance Measures

Section: Chapter Questions

Problem 10Q: What are the six characteristics of a good performance measurement system?

See similar textbooks

Related questions

Q: What are the enhancing qualities of the qualitative characteristics?What is the role of enhancing…

A: What are enhancing qualities? Classifying the information based by complimenting the fundamental…

Q: Discuss the impact of different measurement choices on relevance, faithful representation,…

A: The usefulness of data produced by a measuring method is determined by how it impacts the financial…

Q: Relevant financial information is: Select one: а. free from bias and error

A: solution concept Relevant financial information Relevance as a qualitative…

Q: Which statement is incorrect concerning the constraint on relevant and reliable information? *…

A: Solution: Following statements are correct concerning the constraint on relevant and reliable…

Q: In your own words, describe ETF’s historical performance. Explain whether it has successfully beaten…

A: An ETF is a collection of assets whose shares are traded on a stock market. They combine the…

Q: Which of the following statements is FALSE about "backward thought process'? Statement I. It…

A: a) neither of two statements is false

Q: How do you integrate the different valuation approaches into a report? Explain it.

A: The valuation approach is a method used to determine the fair market value of a business. Most…

Q: Discuss and explain the difference between

A: Parameters of Comparison Horizontal Analysis Vertical Analysis Definition It takes into…

Q: Which one is not an advantage of the sensitivity analysis? A. To make contingency plans B. To adjust…

A: Some important factors are changeable and unpredictable in future like interest rates, cashflows,…

Q: For information to be relevant, it has to possess: O A. Only predictive value O B. Only confirmative…

A: Relevant information is that information which is useful for the stakeholders and users can make…

Q: QUESTION 28 The kind of analysis that consists of rerunning the model to determine the effect on the…

A: There are various financial model used to analyze data.

Q: Compare the process of compounding to determine future values and the process of discounting to…

A: The concept of time money provides information as every unit value of money will decreasing its…

Q: What kind of information is gathered from a valid and trusted source and can be depended upon to be…

A: Accounting information is very useful information which is being collected for the purpose of…

Q: Neutrality of information in the fi nancial statements most closely contributes to which qualitative…

A: The qualitative characteristic of the financial information refers to that attribute of the…

Q: what is return. Define risk and explain how it is assessed

A: Definition

Q: Enhancing Qualities Fundamental Usefulness Qualities Relevance Consistency Understandability…

A: Accounting information is the information collected through the business transactions. After…

Q: When a second independent, qualified individual provides the same information, the _____ improves.…

A: Accounting information is very important and useful for various stakeholders. These users or…

Q: Explain the importance of the review and evaluation process.

A: Introduction The financial plan monitoring for workplace review and evaluation is found essential to…

Q: Which among the following is a form related attribute of good information? a. Relevance b.…

A: The attribute of good information are: Accuracy Completeness Consistency Uniqueness Timeliness

Q: What is the monetary threshold value, when a Statement of Advice (SOA) may be replaced by a Record…

A: Statement of advice is the way by which one can communicate his advice in relation to investment to…

Q: Differentiate between Appraised value and Assessed value?

A: Difference between appraised value and Assessed value:Appraisal value refers to that on a specific…

Q: The capacity of information to make a difference in a decision by helping make timely predictions of…

A: Relevant accounting information is one that makes difference in the opinion of the users of the…

Q: Required: (a) Appraise the decision usefulness of FIFO versus weighted average method, based on the…

A: This problem requires the comparison of the First-in, First-out inventory and the weighted average…

Q: Understanding the Concepts and SkillsIn one-way ANOVA, what is the residual of an observation?

A: ANOVA is known as Analysis of variance and it is usually used to identify the deviations in a sample…

Q: The fundamental qualitative characteristic of faithful representation has the components of;

A: The answer for the multiple choice question and relevant explanation are presented hereunder : The…

Q: Which of the following is a value-added activity? a.waiting b.inspection c.processing d.moving

A: "Since you have asked multiple questions, we will solve first question for you. If you want any…

Q: oncepts of “Relevance” and “Representational Faithfulness”

A: SOLUTION:- Relevance means the potential of information or facts to make a distinction in decision.…

Q: The main elements of the relative valuation approach are: a. The valuation target, the comparison…

A: The relative valuation method is a valuation method that will be trying to ascertain the value of…

Q: relate to merit system practices would you say that the system works well why or why not present…

A: The system of merit ensures that the selection is grounded on the ability of the person only to…

Q: If an information provides feedback about previous evaluations, it is said to have: a. Relevant…

A: Confirmatory value arises where the information provides feedback that confirms or changes past or…

Q: What is meant by perspective getting? How does note-taking improve perspective-getting?

A: Perspective getting refers to taking the time in order to get to know the others as individual…

Q: The process of choosing among competing alternatives is called a. planning.b. decision making.c.…

A: Planning represents the process of identifying goals and plan to achieve those goals. Controlling…

Q: Only sets of non-nominal items that presumably belong to reflective latent factors are acceptable…

A: Definition: Analysis of Factors (EFA): An experiment's variables are analyzed using statistical…

Q: Which of the following is NOT a characteristic of effective information? a. relevance b. accuracy c.…

Q: An information that is relevant is one that has ___________ value. a. Historical b. Uncertain c.…

A: Predictive value means the information has such characteristics to predict future outcomes. Further,…

Q: The inputs to a model may have different roles. Among the choices, which should be excluded?…

A: Inputs are main variables for decision making in any model. Inputs influence the output amd the…

Q: Q1- What is a probability impact matrix? Q2- how to make a risk assessment matrix? Q3- how to use…

A: Probability impact matrix is 2 dimensional graphic risk assessment tool based on chances on…

Q: Safeguarding resources against loss is an example of operations objectives Select one : a . True . b…

A: The answer is as fallows

Q: Setting objectives and identifying methods to achieve those objectives is calleda. planning.b.…

A: Planning entails the maintenance and organizational approach to reaching strategic goals. Managers…

Q: A relevant information is one which has ___________ value. a. Predictive b. Uncertain c. Comparative…

A: Relevant Information - It is certain form of data which can applied for solving of problem. It is…

Question

An information which provides feedback about previous evaluations is regarded as having. a. Futuristic value b. Predictive value c. Confirmatory value d. Relevant value

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions

If an information provides feedback about previous evaluations, it is said to have: a. Relevant value b. Confirmatory value c. Futuristic value d. Predictive value
An information that is relevant is one that has ___________ value. a. Historical b. Uncertain c. Predictive d. Comparative
Which one of the following qualities is most concerned with influencing users' decisions concerning the prediction of future events and the confirmation of past events? O A. Faithful representation OB. Understandability OC. Verifiability OD. Relevance (...)
Which of the following qualitative characteristics may have to be sacrificed in order to achieve timeliness? a. Relevance b. Reliability c. Comparability d. Predictive value
A relevant information is one which has ___________ value. a. Predictive b. Uncertain c. Comparative d. Historical
Mutual funds permit those who desire to save to pool their funds together for the purpose of purchasing financial instruments with large denominations. As a result, the average fund management costs are lower than they would be if individual savers tried to manage their funds individually. This is an example of
Which qualitative characteristic is an ingredient of relevance? a. Verifiability b. Timeliness c. Neutrality d. Representational Faithfulness
For each of the following pairs of information characteristics, give an example of a situation in which one of the characteristics may be sacrificed in return for a gain in the other. Relevance and faithful representation. Relevance and consistency. Comparability and consistency. Relevance and understandability.
For information to be relevant, it has to possess: O A. Only predictive value O B. Only confirmative value O C. Both predictive and confirmatory value O D. Either predictive or confirmatory value, or both
Which of the following is not an aspect of action control? Select one: O a. To define objectives O b. To take corrective action O c. To evaluate actual performance O d. To compare actual performance with goals
At which step or steps in the decision-making process do qualitative considerations generally have the greatest impact?a. Specifying the criterion and identifying the alternatives. b. Developing a decision model. c. Collecting the data. d. Making a decision. e. Identifying the alternatives
The conceptual framework's qualitative characteristic of faithful representation includes: Multiple Choice Confirmatory value. Timeliness. Predictive value. Neutrality