Which of the Following Statements Is True

question 10

Multiple Choice

Which of the following statements is true?

• A)Power is a right.
• B)Authority is one's ability to influence decisions.
• C)Authority is a right.
• D)Both power and authority are rights.

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Definitions:

Cost of Goods Sold

Costs directly linked to the creation of products sold by a business.

Fraud

Deliberate deception to secure unfair or unlawful gain, or to deprive a victim of a legal right.

Employee Fraud

Dishonest activities conducted by employees to provide them with an advantage, financial or otherwise, at the expense of their employer.

Inventories

Goods and materials that a business holds for the purpose of resale or production.