PRC-1 · Chapter 1 · Question 92 of 100
Providing financial information to decision-makers in time for it to be capable of influencing their economic decisions defines the qualitative characteristic of:
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: C) Timeliness
Explanation
Timeliness means having information available to decision-makers early enough so that it remains relevant and capable of influencing their decisions.
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