Which of the Following Statements Is Incorrect

question 43

Multiple Choice

Which of the following statements is incorrect?

• A)Full costs are useful in decision-making, because this approach focuses on future costs.
• B)The use of full costs is criticised, because it focuses on past costs.
• C)Full costing can lead to incorrect decision-making, because it can distort figures.
• D)Actual costs do not always follow the direction that the recovery rate may suggest.

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Definitions:

Press Conference

A scheduled event where an organization or individual makes an announcement to the media and answers journalists' questions.

Top Management

Managers at the highest level of the management pyramid who devote most of their time to developing long-range plans for their organizations.

Prepared Statement

A pre-written declaration, often used in legal or formal contexts, that outlines one's position or views on a specific topic.

Employee Empowerment

The practice of giving employees the authority, tools, and resources to make decisions and contribute to the organization's success.