Which of the Following Statements Is False

question 66

Multiple Choice

Which of the following statements is false?

• A)When computing the component percentages for the income statement,net income is the base figure.
• B)Time-series analysis examines a company's performance over time.
• C)It is often useful to compare a company's performance with that of a competitor.
• D)The North American Industry Classification System assigns industry codes based on business operations.

---

Definitions:

Lost Sales

The potential revenue that a company misses out on due to stockouts, inability to meet demand, or customer decisions to buy elsewhere.

Inventory Cost

Refers to the total cost associated with holding and managing inventory, including storage, insurance, taxes, spoilage, and obsolescence costs.

Managerial Activities

The range of tasks and responsibilities undertaken by managers to plan, organize, lead, and control operations within an organization.

Logistics Systems

Complex networks involving the movement and storage of goods, information, and services from origin to consumption.