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.

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Definitions:

Acidity

A chemical property that quantifies the level of acidic compounds in a substance, often influencing taste and reactivity.

Scatterplot

A scatterplot is a type of graph used in statistics to display values for typically two variables for a set of data, showing the relationship between them.

Correlation

A statistical measure that represents the extent to which two or more variables fluctuate together, indicating the strength and direction of their relationship.

Marijuana

A substance from the Cannabis plant with mind-altering effects, utilized for either therapeutic or leisure activities.