Which of the Following Statements Is False

question 77

Multiple Choice

Which of the following statements is false?

• A) A capital budget lists the projects and investments that a company plans to undertake during the coming year.
• B) Income Tax = EBIT × (1 - τ_c).
• C) When sales of a new product displace sales of an existing product, the situation is often referred to as cannibalization.
• D) Overhead expenses are often allocated to the different business activities for accounting purposes.

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Definitions:

Fragmentation

The process of breaking or splitting into smaller parts, often used in reference to habitat destruction or data division in computing.

Pet Trade

The commercial activity involving the breeding, selling, or exchanging of pets, which can impact wildlife conservation and animal welfare.

Tropical Birds

Bird species that reside in tropical regions, known for their vibrant colors and diverse species.

Temperate Fish

Fish species that live in waters with moderate temperatures, neither too hot nor too cold, typically between polar and tropical regions.