Which of the Following Statements About ABC Is Not True

question 170

Multiple Choice

Which of the following statements about ABC is not true?

• A) A byproduct of ABC implementation can improve the efficiency of operations
• B) ABC should be implemented solely by the accountants as they are the guardians of the accounting information system
• C) ABC may empower employees to also implement cost saving projects
• D) Although implementation of ABC can be a refinement of a cost system, it has its limitations

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Definitions:

Probable Cause

A reasonable basis for believing that a crime may have been committed, which is necessary for issuing warrants or making arrests.

Judge or Magistrate

Officials with the authority to conduct court proceedings, make legal decisions, and rule on legal matters.

Grand Jury

A legal body empowered to conduct official proceedings to investigate potential criminal conduct and determine whether criminal charges should be brought.

Probable Cause

A legal standard that requires a reasonable basis to believe a person has committed a crime, used in issuing warrants and arrests.