1.What types of data is Termina plc collecting ?

A. (1) quantitative data from an internal source; (2) qualitative data from an external source; (3) quantitative data from an external source

B. (1) quantitative data from an external source; (2) quatitative data from an external source; (3) quantitative data from an internal source

C. (1) quantitative data from an internal source; (2) quatitative data from an external source; (3) qualitative data from an external source

D. (1) quanlitative data from an internal source; (2) qualitative data from an internal source; (3) qualitative data from an internal source

2. Obior plc operates in a high technology industry where the external environment is dynamic and uncertain. Obior plc made a loss in the reporting period just ended and is now in the process of charging its strategy completely. The finance director has indicated to the board that, in consequence, Obior plcs financial statements for the last reporting period will lack both predictive and confirmatory value for users

In terms of the IFRS Framework, Obior plc will be reporting financial information which lacks the qualitative characteristic of

A. Faithful representation

B. Understandability

C. Timeliness

D. Relevance