Which of the Following Statements Is FALSE

question 57

Multiple Choice

Which of the following statements is FALSE?

• A) Most bacteria are capable of using ammonia as their sole nitrogen source.
• B) Some bacteria are able to use nitrates or nitrogen gas as their nitrogen source.
• C) Most available nitrogen is in organic forms.
• D) Nitrogen is a major component of proteins and nucleic acids.

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Definitions:

Overhead Cost Allocation

The process of spreading out indirect costs (overheads) to different departments or products within a company, aimed at determining true costs of products or services.

Activity-Based Costing

A method of accounting where costs are assigned based on the activities and processes that contribute to the production of a product or service.

Activity Cost Pool

A grouping of all the costs associated with a particular activity, used in activity-based costing.

Cost Allocation Base

A method or factor used to assign costs in an equitable manner to various cost objects like departments, products, or projects.