Which of the Following Statements Relating to Relevance and Controllability

question 31

Multiple Choice

Which of the following statements relating to relevance and controllability is not correct?

• A)Using the concept of relevance does not reduce the number of costs and benefits to consider.
• B)If the status quo is a feasible option, then all controllable costs and benefits are relevant.
• C)When using the principle of controllability to identify the incremental costs and benefits relative to the status quo, calculate the value of each option, and choose the one with the lowest value.
• D)Both A and C are incorrect.
• E)A, B, and C are incorrect.

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Definitions:

Code Number

A unique identifier assigned to individuals, samples, or data for the purposes of privacy or organization.

Printed Check

A preprinted form used to make payment from a bank account, containing the details of the payee and the amount.

Upper-Right Corner

A term often used to describe the location at the top right portion of a page, screen, or area.

Reconciling

The process of ensuring that two sets of records (usually the balances of two accounts) are in agreement.