Day: January 7, 2025

Accounting Multiple Choice Question – 7 January 2025

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

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When determining whether information is both of good quality and valuable, the characteristic that it must have is?

Select ONE answer:

  1. Accuracy
  2. Accessibility
  3. Timeliness
  4. Relevance

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 4

  1. Not correct
  2. Not correct
  3. Not correct
  4. Correct == > Good quality information must be accurate (1) and timely (3), and valuable information must be accessible (2), but to be both good quality and valuable it must be relevant (4).

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