Which of the Following Statements Is LEAST-Likely to Be True

question 15

Multiple Choice

Which of the following statements is LEAST-Likely to be true?

• A)The metric measurement of volume is the liter.
• B)1 liter is equal to 1,000 cubic centimeters (cc)
• C)2 liters are equal to about 150 cubic inches
• D)A 2,000 cc engine is also called a 2-liter engine

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Definitions:

Recurring Variances

Variances that occur regularly or repeatedly over time, often indicating a systematic issue within a process or system.

Rule Of Thumb

A general principle or guideline that is not strictly accurate or reliable for every situation but is used because of its practicality.

Standard Cost

Predetermined costs for manufacturing or service processes, used as benchmarks for performance evaluation.

Variance Investigation

The process of examining the reasons behind differences between budgeted and actual figures in finance and accounting.