Which of the Following Statements Is False

question 22

Multiple Choice

Which of the following statements is false?

• A) When demand is inelastic, a price increase will have little effect on the number of units sold.
• B) An increase in variable costs will increase the profit-maximizing selling price.
• C) Penetration pricing is illegal.
• D) Kaizen costing is a continuous improvement process that decreases waste and increases production efficiency.

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Definitions:

Waste Time

To use time inefficiently or unproductively, often on activities that offer no valuable outcome.

Sexually-Oriented

Content or activities focused on sexual interests, behaviors, or orientations.

Sexual Harassment

Unsolicited sexual propositions, solicitation for sexual gratuities, and various forms of sexual natured verbal or physical abuse.

Offensive Behavior

Actions or words that are intended or likely to cause offense or discomfort to others.