Which of the Following Statements Is FALSE

question 38

Multiple Choice

Which of the following statements is FALSE?

• A) The limiting reactant is the one that is available in the smallest stochiometric quantity.
• B) The amount of product that can be made from the excess reactant is the theoretical yield.
• C) Coefficients in chemical equations are used as conversion factors between the amounts of reactants and the amounts of products in moles.
• D) In aqueous reactions, quantities of reactants and products are generally expressed in terms of concentrations.
• E) The actual yield is always equal to or less than the theoretical yield.

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Definitions:

Allocated

The distribution of resources, costs, or expenses to specific departments, projects, or cost centers according to a predetermined method.

Constant Gross Margin Method

An inventory valuation method that maintains a fixed gross margin percentage for costing inventory despite changes in the cost of goods sold.

Joint Cost

The costs incurred in producing products up to a split-off point in a process that yields multiple products, typically allocated among the products based on some reasonable method.

Split-off

A point in the manufacturing process where multiple products are generated from a common input.