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.

---

Definitions:

Leadership Focus

The concentration of leaders on specific areas or priorities crucial to achieving organizational objectives and guiding team success.

Theory Y

A management approach that assumes employees are inherently motivated and seek responsibility, contrasting with the controlling and directive approach of Theory X.

Human Nature

The fundamental characteristics, including ways of thinking, feeling, and acting, that humans tend to have naturally.

Leadership Approach

Refers to the style or method adopted by a leader in guiding, motivating, and managing a team or organization.