Which of the Following Statements Is NOT True of Process

question 32

Multiple Choice

Which of the following statements is NOT true of process flowcharting?

• A) The visual nature of flowcharting is invaluable to understanding what happens in a process.
• B) The systems flowchart is the most common form of flowchart.
• C) All flowcharts must be cross-functional.
• D) All of the above are true.

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Definitions:

Depletion

Depletion is an accounting method used to allocate the cost of extracting natural resources such as minerals, oil, and gas from the earth over the period they are consumed.

Straight-Line Method

A method of calculating depreciation of an asset, which spreads the cost evenly across its useful life.

Units-of-Activity Method

A depreciation method that allocates costs based on the actual usage or output of the asset rather than time.

Depletion Cost

The allocation of the cost of natural resources, such as minerals or oil, over the period they are extracted and sold.