Which of the Following Statements Is False

question 94

Multiple Choice

Which of the following statements is false?

• A)A primary purpose of cost accounting is to determine valuations needed for external financial statements.
• B)A primary purpose of management accounting is to provide information to managers for use in planning,controlling,and decision making.
• C)The act of converting production inputs into finished products or services necessitates cost accounting.
• D)Two primary hallmarks of cost and management accounting are standardization of procedures and use of generally accepted accounting principles.

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Definitions:

Split Labor Market

A labor market divided along racial, ethnic, or gender lines, leading to different conditions, wages, and opportunities for distinct groups.

Mexican Immigrants

Individuals from Mexico who move to another country, especially the United States, in search of better opportunities, often facing challenges including discrimination and acculturation.

Edna Bonacich

An American sociologist known for her work on ethnic and labor relations, especially concerning the economic dynamics of immigration and the exploitation within capitalist societies.

Racial Privileges

Advantages and entitlements granted to individuals based on their race, often at the expense of minority or marginalized groups, contributing to systemic inequality.