Which of the Following Is Not an Underlying Assumption of CVP

question 102

Multiple Choice

Which of the following is not an underlying assumption of CVP analysis?

• A) Changes in activity are the only factors that affect costs.
• B) Cost classifications are reasonably accurate.
• C) Beginning inventory is larger than ending inventory.
• D) Sales mix is constant.

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Definitions:

UI

Universal Instantiation, a logical rule of inference stating if something is true for everything in a category, it is true for any specific instance of that category.

Quantifier-Negation Rule

A principle in formal logic that deals with the relationship between quantifiers and the negation of statements.

Quantifier

A symbol or word in logic that specifies the quantity of specimens in the domain of discourse that satisfy an open formula.

Negation

The contradiction or denial of something, or the operation of inverting the truth value in logic.