Which of the Following Statements Is False

question 74

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:

Criminal Law

A body of law pertaining to crimes and punishment, focusing on behaviors that are sanctioned under criminal statutes.

Environmental Law

A body of laws and regulations designed to protect the environment from harmful actions or processes, by governing the interaction of humanity and the natural environment.

White Collar Crime

Non-violent crime committed by individuals or corporations in the course of their professional lives, often involving financial wrongdoing or fraud.

Antitrust Laws

Legislation aimed at preventing anti-competitive practices in the marketplace.