Which of the Following Statements Is FALSE

question 94

Multiple Choice

Which of the following statements is FALSE?

• A) Many traditional costing systems can distort product costs and profitability.
• B) Activity-based costing systems tend to be more costly than traditional costing systems.
• C) Many traditional costing systems tend to combine various costs into a single cost pool.
• D) Activity-based costing systems tend to use fewer cost pools than does a traditional costing system.

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Definitions:

License Fee

A payment required for the permission to use someone else's property or intellectual property rights, such as software, music, or brand names, under specified conditions.

Legal Regulations

Rules or directives made and maintained by authority, governing behavior within a specific system, often within the context of industries, professions, or societal laws.

Emancipated

A legal status achieved by a minor, often through a court decision, which grants them the rights and responsibilities of adulthood.

Restrictive Laws

Laws designed to limit or regulate certain behaviors, often for the sake of public safety, welfare, or morality.