Which of the Following Statements Is FALSE

question 32

Multiple Choice

Which of the following statements is FALSE?

• A)A standard cost is more accurate than a budgeted cost.
• B)A standard is a unit amount.
• C)In concept, standards and budgets are essentially the same.
• D)The standard cost of a product is equivalent to the budgeted cost per unit of product.

Distinguish between various capital project types and their respective risk profiles.

Acknowledge the impact of reinvestment assumptions on project evaluation methods.

Understand the practical implications and limitations of capital budgeting techniques.

Recognize the importance of cash flow timing and its effect on project viability through the payback method.

---

Definitions:

Thalidomide

A medication that caused birth defects when given to pregnant women in the 1950s and 1960s, now used under strict controls for certain diseases.

Mental Retardation

A term formerly used to describe a condition characterized by significantly below-average intellectual functioning and limitations in areas of daily living, now referred to as intellectual disability.

Facial Features

Visible attributes of the face, such as the eyes, nose, and mouth, which are often used in biometric identification and expression analysis.

Fetal Alcohol Syndrome

Fetal alcohol syndrome is a condition in a child that results from alcohol exposure during the mother's pregnancy, causing brain damage and growth problems.