Which of the Following Statements Is False

question 93

Multiple Choice

Which of the following statements is false?

• A) As the price paid for a bond rises,the yield declines.
• B) If you purchase stock from an individual that currently owns the stock,you are buying it in the secondary market.
• C) The yield on a bond is another term for the coupon rate on a bond.
• D) A rating of Aaa from Moody's is the highest bond rating given by that rating agency.

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Definitions:

Direct Labor Costs

Compensation and perks given to workers directly engaged in creating products or services.

Fixed Overhead

Regular, unchanged costs associated with operating a business, such as rent and salaries, irrespective of production levels.

Work in Process

Goods that are in various stages of completion in the manufacturing process but are not yet finished products.

Direct Labor Variances

The differences between the actual labor costs incurred and the standard labor costs for the actual production achieved.