Which Statement Is False

question 9

Multiple Choice

Which statement is false?

• A)Total cost rises with output because variable cost rises.
• B)A firm will operate when prospective sales are greater than variable cost.
• C)When output falls,variable costs fall.
• D)None of the statements are false.

---

Definitions:

Historical Cost

The original monetary value of an asset or investment at the time of its acquisition.

Fair Value

Fair Value is a financial term describing the estimated worth of an asset or liability in the marketplace, based on current prices and considering factors like utility and risk.

Asset

Resources owned or controlled by a business that are expected to generate future economic benefits.

Fair Value Principle

Assets and liabilities should be reported at fair value (the price received to sell an asset or settle a liability).