Which of the Following Statements Is False

question 63

Multiple Choice

Which of the following statements is false?

• A) It is possible that an IRR does not exist for an investment opportunity.
• B) If the payback period is less than a pre-specified length of time you accept the project.
• C) The internal rate of return (IRR) investment rule is based upon the notion that if the return on other alternatives is greater than the return on the investment opportunity you should undertake the investment opportunity.
• D) It is possible that there is no discount rate that will set the NPV equal to zero.

Describe the purpose and accounting treatment for fiduciary funds.

Analyze the benefits and limitations of government-wide financial statements.

Discern the applicability of modified accrual accounting within different types of governmental funds.

Recognize the conditions under which revenues and expenditures are recognized in governmental accounting.

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Definitions:

Sustainability

The practice of meeting current needs without compromising the ability of future generations to meet theirs, often focusing on environmental conservation and resource management.

Global Consumption

The total amount of goods and services consumed around the world.

Life Cycle

Refers to the series of stages that an organism, product, or service goes through from its beginning to its end.

Ownership-based Governance

A system where ownership rights are central to decision-making processes and governance structures.