Which of the Following Statements Is FALSE

question 30

Multiple Choice

Which of the following statements is FALSE?

• A)The mark up is a percentage applied to base cost.
• B)The mark up is an absolute rule.
• C)A major advantage of mark up pricing is that standard mark ups are easy to apply.
• D)The mark up can be calculated using a variety of bases.

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Definitions:

Gentrification

The process of renovating and improving a district so that it conforms to middle-class taste, often leading to the displacement of lower-income residents.

LGBTQ

An acronym standing for lesbian, gay, bisexual, transgender, and queer or questioning, representing a community of individuals with diverse sexual orientations and gender identities.

Non-Binary Trans*

Individuals who identify as transgender and whose gender identity does not fit within the traditional binary notions of strictly male or female.

Urban Neighborhoods

Areas within cities that are characterized by higher population density and diverse social characteristics compared to rural areas.