Choice "A" is correct. Under the FASB and IASB conceptual frameworks, relevance is a fundamental qualitative characteristic, and materiality is a component of relevance.
Choice "c" is incorrect. Relevance is a fundamental qualitative characteristic, but timeliness is not a component of relevance. Timeliness is a characteristic that enhances the usefulness of information that is relevant and faithfully represented.
Choice "b" is incorrect. Faithful representation is a fundamental qualitative characteristic, but verifiability is not a component of relevance. Verifiability is a characteristic that enhances the usefulness of information that is relevant and faithfully represented.
Choice "d" is incorrect. Faithful representation is a fundamental qualitative characteristic, but predictive value is not a component of faithful representation. Predictive value is a component of relevance.