Which of the Following Statements Is False

question 64

Multiple Choice

Which of the following statements is false?

• A)Minerals are crystalline.
• B)Ninety percent of minerals are ionic compounds.
• C)Minerals are also called grains.
• D)The most common mineral in Earth's crust is quartz.

---

Definitions:

Contribution Margin

The amount by which a product's sales price exceeds its total variable costs, used to cover fixed costs and generate profit.

Variable Costing

Variable costing is an accounting method that includes only variable production costs in the cost of goods sold and inventory valuation.

Net Income

This is the total profit of a company after all expenses, taxes, and costs have been subtracted from total revenue.

Net Income

The total profit of a company after all expenses and taxes have been subtracted from total revenue.