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Which of the Following Statements Is False

question 16

Multiple Choice

Which of the following statements is false?


Definitions:

Units

The individual articles, products, or services counted to measure and record inventory, production, or sales.

Net Operating Income

A financial metric that calculates a company's income after all operating expenses, excluding taxes and interest, have been deducted from total revenues.

Flexible Budget

A budget that adjusts or varies with changes in volume or activity levels.

Units

In business, units refer to the individual items or quantities of a product or service measured for sale, production, or inventory.

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