Question 1: You are the owner of Pacific Inc. The December 31 financial statements of Pacific were made available to interested stakeholders during January. Which of the following qualitative characteristics applies based on the information provided?

a) Timely

b) Relevant

c) Faithful

d) Verifiable

e) Comparable

Question 2: Which business sector (s) is a fish farm part of?

a) Primary

b) Tertiary

c) Secondary

d) Secondary and Tertiary

e) Primary and Secondary

Question 3: The TD Bank is in which business sector(s)?

a) Secondary

b) Primary and Secondary

c) Secondary and Tertiary

d) Tertiary

e) Primary

Question 4: A lumber mill is in which business sector(s)?

a) Tertiary

b) Primary and Secondary

c) Secondary and Tertiary

d) Secondary

e) Primary