Which of the Following Statements Is False

question 98

Multiple Choice

Which of the following statements is false?

• A) A cost can be defined as a direct cost if the bookkeeping system can keep track of how much of the cost was consumed by the cost object
• B) Whether a cost is direct or indirect cannot be determined until the cost object has been defined
• C) If the cost object is a batch of 1000 units of production, then factory property taxes could be a direct cost if the bookkeeping system is detailed enough
• D) Some indirect costs might have been considered direct costs if a company had better technology for capturing information

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Definitions:

Product

A product is any good, service, or idea that can be offered to the market to satisfy a need or want, ranging from tangible items to intangible services.

Brand

The name, term, design, symbol, or any other feature that identifies one seller’s goods or service as distinct from those of other sellers.

American Marketing Association

A professional association for individuals and organizations involved in the practice, teaching, and study of marketing worldwide.

Sellers' Goods

Products or commodities that are put on the market for sale by individuals or businesses.