Which of the Following Statements Is True of Costs Associated

question 33

Multiple Choice

Which of the following statements is true of costs associated with goods for sale?

• A) Information-gathering technology increases the reliability and timeliness of inventory information and increases the costs related to inventory.
• B) Opportunity costs are not recorded in financial accounting systems because they are not a significant component in several cost categories.
• C) Purchasing costs include incoming freight costs and are reduced by discounts
• D) Opportunity costs are recorded in financial accounting systems but are a not significant component in several cost categories.

---

Definitions:

Extraversion

A personality trait characterized by outgoing, sociable, and energetic behaviors.

Absenteeism

The habitual non-presence of an employee at their job.

Trait Activation Theory

Suggests that certain situations or environments can trigger the expression of specific traits, influencing individuals' behavior.

Managerial Assignments

Tasks or projects assigned to managers or those in leadership positions, involving decision-making, planning, and oversight of resources.