Which Statement Concerning Obesity Is Correct

question 43

Multiple Choice

Which statement concerning obesity is correct?

• A) The percentage of body fat and body mass index are two commonly used determinants of obesity.
• B) The health risks are same for a person who is in the obese category and a person who is in the overweight category.
• C) Waist circumference (WC) is not a significant measurement in gathering a fat weight distribution.
• D) A link between obesity and heredity is not yet scientifically proven.

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Definitions:

Lower of Cost

A principle that states inventory should be recorded at the lesser of its historical cost or the current market value, to ensure assets are not overstated.

IFRS

International Financial Reporting Standards, which are international accounting standards set by the International Accounting Standards Board to ensure transparency and comparability of financial statements worldwide.

Direct Costing

An accounting method that only considers variable costs as product costs, while fixed costs are treated as period expenses.

Inventory Errors

Mistakes in accounting for inventory that can lead to inaccuracies in financial reporting, affecting cost of goods sold and net income.