Regarding relevant nonfinancial information, which of the following statements is incorrect? A. Managers must always consider the potential quantitative and qualitative effects of their decisions. B. Nonfinancial, or qualitative, factors play a role in managers' decisions and, as a result, can be relevant. C. Relevant qualitative information has the same characteristics as relevant financial information. D. Qualitative factors can be ignored because these factors are difficult to measure.

Question

Fluffy

Business

19 February, 02:27

Regarding relevant nonfinancial information, which of the following statements is incorrect? A. Managers must always consider the potential quantitative and qualitative effects of their decisions. B. Nonfinancial, or qualitative, factors play a role in managers' decisions and, as a result, can be relevant. C. Relevant qualitative information has the same characteristics as relevant financial information. D. Qualitative factors can be ignored because these factors are difficult to measure.

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Answers (1)

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Inchworm · Answer 1

D.

Explanation:

Based on the information provided it can be said that the most incorrect statement is that Qualitative factors can be ignored because these factors are difficult to measure. Both qualitative and quantitative measures need to be taken into account, especially qualitative in a non-financial situation because the quality aspects of the items carries with it a far greater importance.