Which of the Following Statements Is Not True

question 255

Multiple Choice

Which of the following statements is not true?

• A) Rods allow us to see very dim light.
• B) Cones are the receptors that allow us to see colour.
• C) Rods respond to only black and white
• D) Cones are the receptors that allow us to see fine detail.

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Definitions:

Average costing

Average costing is an inventory costing method where all costs of inventory are averaged over the goods available for sale, providing a medium cost per unit.

Rising prices

An economic phenomenon where the general level of prices for goods and services increases over a period.

Income taxes

Taxes levied by governments on individuals or entities' income.

FIFO

Stands for First In, First Out, an inventory valuation method where goods purchased or produced first are sold or used first.