Identify the Statement Below That Is False with Regards to Effective

question 70

Multiple Choice

Identify the statement below that is false with regards to effective coding practices.

• A)Codes should allow for growth.
• B)Codes should be consistent with intended use.
• C)Codes should be customized for each division of an organization.
• D)Codes should be as simple as possible.

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Definitions:

Marginal Social Cost

The complete expense incurred by society when one more unit of a product or service is created, encompassing both personal expenses and any external factors.

Marginal Benefit

The enhancement in satisfaction or benefit achieved by using or producing another unit of a product or service.

External Costs

Costs of an economic activity that are not borne by the participants in the activity but are imposed on others, such as pollution.

Competitive Free Market

A market structure where many firms offer products or services that are similar, allowing for free entry and exit, with prices determined by supply and demand forces.