AIS Is an Important Area of Study for Future Accountants

Multiple Choice

AIS is an important area of study for future accountants because a well-designed AIS can respond to many elements of the conceptual framework.Which of the following statements about qualitative characteristics of accounting information is most true?

A) Reliability is more important than relevance.
B) Relevance is more important than reliability.
C) Reliability must sometimes be sacrificed to attain relevance.
D) Tradeoffs between relevance and reliability violate the cost-benefit constraint.