The two qualitative characteristics that are defined in terms of what influences or makes a difference to a decision maker are
A)faithful representation and materiality.
B)comparability and timeliness.
C)materiality and relevance.
D)relevance and understandability.

Question

Quizplus · Accepted Answer

Materiality and relevance are the two qualitative characteristics defined in terms of what influences or makes a difference to a decision maker. Materiality refers to the importance of information in influencing decisions, while relevance pertains to the information's capacity to make a difference in decision-making.

The Two Qualitative Characteristics That Are Defined in Terms of What