Which of the Following Statements Is (Are) False

question 119

Multiple Choice

Which of the following statements is (are) false?
(1) In general, the term expense is used for managerial purposes, while the term cost refers to external financial reports.
(2) An opportunity cost is the benefit forgone by selecting one alternative over another.

• A) Only (1) is false.
• B) Only (2) is false.
• C) Both of these are false.
• D) None of these are false.

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Definitions:

Flooding

The overflow of water onto land that is normally dry, often caused by heavy rain, melting snow, or storm surges.

Constructed

Made, built, or put together using various parts or materials, often referring to buildings, roads, or other engineered structures.

Deposition

The geological process where sediments, soil, and rocks are added to a landform or landmass.

Low-gradient Stream

A stream that has a gentle slope, resulting in slower water movement and often a meandering course.