What is a key characteristic of relevant information in decision-making?
Relevant Information (Decisions) - Managerial Accounting

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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
It is always based on past data.
It is directly related to the decision at hand.
It is the same for all alternatives.
It is unrelated to future outcomes.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In the apartment example, why is the number of bedrooms considered relevant?
Because both apartments have the same number of bedrooms.
Because there is a difference in the number of bedrooms.
Because it is unrelated to future living conditions.
Because it is not a factor in decision-making.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is the square footage of an apartment considered relevant?
Because it affects future living space.
Because it is related to past decisions.
Because it is the same for both apartments.
Because it is not a factor in decision-making.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does pet-friendliness affect the relevance of information in the apartment example?
It is always irrelevant regardless of pet ownership.
It is relevant only if you are a pet owner.
It is relevant only if you are not a pet owner.
It is irrelevant because both apartments allow pets.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is the monthly rent considered relevant information?
Because it is the same for both apartments.
Because it affects future financial commitments.
Because it is a past expense.
Because it is unrelated to decision-making.
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