Which of the Following Statements Is NOT True

question 18

Multiple Choice

Which of the following statements is NOT true?

• A) Voting is compulsory for all Brazilians except illiterates and those over seventy.
• B) Elections in Brazil operate under an open-list proportional representation system.
• C) Parties are entitled to an amount of free air time, on both radio and television, in proportion to their number of votes in the last election.
• D) Just as in the United States, the boundaries of electoral districts in Brazil vary from state to state in Brazil so that all districts have a roughly equal number of residents.
• E) Elections are held in a staggered fashion, with some officials being elected one time and others another time.

---

Definitions:

Net Realizable Value

The estimated selling price of goods, minus the costs of their sale or completion, used in determining the value of inventory on hand.

LIFO

An inventory valuation method standing for Last-In, First-Out, where the most recently acquired items are assumed to be sold or used first.

FIFO

FIFO (First In, First Out) is an inventory valuation method where the oldest inventory items are recorded as sold first.

Fair Value

The estimated market value of an asset or liability, based on current market prices.