Which of the Following Statements Is False

question 139

Multiple Choice

Which of the following statements is false?

• A)Well-known examples of returnable deposits are those for returnable containers such as soft-drink bottles and beer kegs.
• B)Companies that receive deposits record them as a form of receivable.
• C)The account,Deposits Payable,is a current liability of the company receiving the deposit.
• D)Ordinarily,the recipient of the cash deposit may use the cash for investment purposes from the date of deposit to the date of its return to the depositor.
• E)None of the above

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Definitions:

Normal Goods

Goods for which demand increases as the income of the buyer increases and decreases as the income of the buyer decreases, showing a positive correlation between income changes and demand.

Overallocation

The process of assigning more resources to a project or sector than is available or sustainable, leading to inefficiencies.

Underallocation

A situation where resources are not distributed efficiently, resulting in potential benefits not being fully realized.

Technological Progress

The advancement of technology, leading to improved methods for producing goods and services, enhancing efficiency, and driving economic growth.