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Whereas ______________ would generally be considered to structured data, _____________ would generally be considered to be...

  1. Whereas ______________ would generally be considered to structured data, _____________ would generally be considered to be unstructured data.
    1. financial statements; product reviews
    2. product reviews; financial statements
    3. Instagram pictures; product reviews
    4. geographic images; firm budget
  1. To be useful to decision makers, accounting information must be ____________ and exhibit faithful representation.
    1. reliable
    2. free from error
    3. relevant
    4. neutral
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Answer #1

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1 Correct answer is a)Financial statements;Product reviews

Finnacial statements are generally considered to structured data as they are prepared in a statement format and prepared using Gaap so have data structured in format and presented so that they can be used easilty.

Product review on other hands are unstructured data which are presented by customers so not structured properly.

2)
Correct asnwer is c) Relevant

Accounting information has two qualitative aspects it should be relevant that is important for the decision maker and exhibit faithful representation that is it should be true.Faithful representation has three aspects.It should be free from eroor, reliable and neutral.

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