Which of the Following Statements Is False as It Relates

question 131

Multiple Choice

Which of the following statements is false as it relates to direct and indirect expenses?

• A) Building expense is an indirect expense.
• B) Indirect expenses cannot be assigned to different departments based on an allocation such as square feet.
• C) If an expense is traceable to a particular department, it is a direct expense.
• D) Advertising expense can be both a direct and an indirect expense.

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Definitions:

States

In the context of the United States, states are the constituent political entities that share sovereignty with the federal government and have their own government and constitution.

Equitable Remedy

A form of justice administered according to fairness as contrasted with strictly formulated rules of common law.

Specific Performance

A legal remedy in contract disputes where a court orders the party who breached the contract to fulfill their obligations as specifically stated in the contract, rather than just paying damages.

Promised Act

An action that a party commits to carrying out, often referenced in the context of contractual agreements.