Choice "B" is correct. The fundamental qualitative characteristic of useful accounting information described by the term "relevance" contemplates predictive value, confirming value, and materiality.
Choice "c" is incorrect. The fundamental qualitative characteristic of useful accounting information described by the term "faithful representation" contemplates completeness, freedom from error, and neutrality.
Choice "d" is incorrect. Comparability is an enhancing qualitative characteristic that relates to comparability of information about other entities and from other time periods.
Choice "a" is incorrect. Understandability is an enhancing qualitative characteristic. Information is understandable if it is classified, characterized, and presented clearly and concisely.