Which of the Following Statements Is False

question 20

Multiple Choice

Which of the following statements is false?

• A)The term anarchy refers to an absence of any kind of overarching authority or hierarchy.
• B)Anarchy is,perhaps,the most inefficient form of human organization there is.
• C)The United States was only in an anarchic state for most of the 19th century.
• D)Anarchists are ideologues who long for a lack of hierarchy.

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Definitions:

Bill And Hold Basis

An arrangement where a seller bills a customer for products but holds onto the inventory until it is actually needed or requested by the customer.

Sales Agreement

A detailed contract which outlines the terms of sale of goods or services between two parties.

Earnings Management

The practice of using accounting techniques to produce financial reports that present an overly positive view of a company's business activities and financial position.

Manipulate Earnings

The act of altering financial statements through aggressive accounting practices or outright fraud to present a more favorable view of a company's finances.