Which of the Following Is Not a True Statement

question 79

Multiple Choice

Which of the following is not a true statement?

• A) All costs are controllable at some level within a company.
• B) Responsibility accounting applies to both profit and not-for-profit entities.
• C) Fewer costs are controllable as one moves up to each higher level of managerial responsibility.
• D) The term segment is sometimes used to identify areas of responsibility in decentralized operations.

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Definitions:

Oil and Gas

Naturally occurring hydrocarbons found in geological formations beneath the Earth's surface, used as fuel and in chemical production.

Coal

A combustible black or brownish-black sedimentary rock formed from plant remains, primarily consisting of carbon and used as a fossil fuel.

Granitic Intrusion

The forced entry of magma composed mainly of quartz and feldspar into surrounding rock, cooling and solidifying to form granite.

Salt Dome

A type of geological structure formed when a thick bed of evaporite minerals (mainly salt) found at depth intrudes vertically into surrounding rock layers.