Relevant information:
A) Plays no part in decision-making
B) Varies with the action taken
C) Must be based on the opinion of experts
D) Is the same as unavoidable cash flows

Question

Quizplus · Accepted Answer

Relevant information varies with the action taken, meaning it is only relevant in certain situations and not others. Choices A and C are incorrect because relevant information does play a part in decision-making and doesn't necessarily have to be based on expert opinion. Choice D is incorrect because unavoidable cash flows are a specific type of relevant information but not all relevant information is necessarily unavoidable cash flows.

Relevant Information