Which of the Following Statements Is FALSE About a Sharing

question 99

Multiple Choice

Which of the following statements is FALSE about a sharing economy?

• A) People offer goods and services on the internet.
• B) You need venture capital to access the sharing economy.
• C) Preowned items, rides, places to stay, custom products are all commonly found.
• D) Businesses designed to harness the sharing economy have a broad impact.

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Definitions:

Materials Consumption Report

A detailed report that tracks the quantity and cost of materials used during a manufacturing or production process.

Materials Requisitions

Materials requisitions are formal requests issued within an organization to obtain materials or products necessary for production or operations.

Manufacturing Process

A series of steps involving the conversion of raw materials into finished products through various production operations.

Process Costing System

An accounting methodology that accumulates and assigns costs to large volumes of identical or similar units of output.