Which of the Following Statements Is Equivalent to the Law

question 4

Multiple Choice

Which of the following statements is equivalent to the law of diminishing marginal returns?

• A)A stitch in time saves nine.
• B)You can't make an omelet without breaking eggs.
• C)Too many cooks spoil the broth.
• D)If you can't stand the heat, get out of the kitchen.

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Definitions:

ABC

Activity-Based Costing, a method of assigning overhead and indirect costs to specific products or activities based on their use of resources.

Step-Down Method

A method of allocating support department costs to production departments that considers some inter-support-department services in a sequential or step-down fashion. Also known as the sequential method.

Direct Method

A method of preparing the cash flow statement where major classes of gross cash receipts and payments are disclosed.

Least Accurate

Describes the closest to being incorrect or the measurement or statement that has the highest degree of inaccuracy.