Which Statement Is False

question 100

Multiple Choice

Which statement is false?

• A)The AFC curve is U-shaped.
• B)The AVC curve is U-shaped.
• C)The ATC curve is U-shaped.
• D)None of these statements are false.

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Definitions:

COGS

Cost of Goods Sold; the direct costs attributable to the production of the goods sold by a company.

Operating Cycle

The duration between the acquisition of inventory and the collection of cash from receivable accounts in a company's business process.

Collection Period

The average number of days it takes for a business to receive payments owed by its customers, indicating the efficiency of a company's credit and collection policies.

Sales

The total amount of revenue generated by a company from the sale of goods or services before any costs or expenses are deducted.