Which of the Following Statements Is Not True

question 91

Multiple Choice

Which of the following statements is not true?

• A)The way to increase the profitability of a firm is to create more value.
• B)The amount of value a firm creates is measured by the difference between its costs of production and the value that consumers perceive in its products.
• C)The more value customers place on a firm's products,the higher the price the firm is able to charge for those products.
• D)The price a firm charges for a good or service is typically more than the value the customer places on that good or service.

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Definitions:

Form 990

The IRS form used by tax-exempt organizations to provide the public with financial information about the organization, including how their funds are used.

Internal Revenue Service

The U.S. government agency responsible for tax collection and tax law enforcement.

Annual Revenues

The total income generated by a business or organization from its operations over the course of a year before any expenses are deducted.

Advisory Councils

Groups of experts or stakeholders gathered to provide strategic advice, guidance, and expertise to an organization or entity.