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.

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Definitions:

Labor

Human effort used in the production of goods and services.

Hours

Units of time equivalent to 60 minutes.

Repair

The act of fixing or restoring something to a condition where it is functional again.

Linear Equation

An algebraic equation in which each term is either a constant or the product of a constant and a single variable, with a graph that is a straight line.