Concerning Cost Data,which of the Following Is False

question 34

Multiple Choice

Concerning cost data,which of the following is false?

• A) Cost information is stored in several tables.
• B) Standard cost is stored as an attribute of the Inventory table because it is the same for all units of a given inventory item for a fiscal year.
• C) In contrast, the actual cost of inventory is stored in a relationship table because prices can vary over time.
• D) Actual cost can be stored as an attribute of the Inventory table for organizations that value inventory based on the most recent amount paid.

---

Definitions:

Proactive Interference

The process by which older memories can inhibit the retention and retrieval of newer information.

Hippocampal Region

A critical area of the brain involved in memory formation and spatial navigation.

Long-Term Memory

The phase or type of memory responsible for the storage of information over an extended period.

Broca's Area

A region in the frontal lobe of the dominant hemisphere (usually the left) of the brain with functions linked to speech production.