Which of the Following Statements Is False

question 94

Multiple Choice

Which of the following statements is false?

• A)A primary purpose of cost accounting is to determine valuations needed for external financial statements.
• B)A primary purpose of management accounting is to provide information to managers for use in planning,controlling,and decision making.
• C)The act of converting production inputs into finished products or services necessitates cost accounting.
• D)Two primary hallmarks of cost and management accounting are standardization of procedures and use of generally accepted accounting principles.

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Definitions:

Cardiac Rehabilitation

A medically supervised program designed to improve cardiovascular health for those recovering from heart attack, heart failure, or other heart conditions.

Physiological Needs

Basic physical requirements for human survival, such as food, water, shelter, and oxygen, as per Maslow's hierarchy of needs.

Paralytic Ileus

A medical condition characterized by a temporary halt in the movement of the bowel, leading to symptoms such as abdominal pain and bloating.

Inductive Reasoning

A method of reasoning in which conclusions are formed based on observed patterns, starting from specific observations and moving to broader generalizations.