Which Statement Is FALSE

question 114

Multiple Choice

Which statement is FALSE?

• A)A cost may be defined as a sacrifice or giving up of resources for a particular purpose.
• B)Costs are frequently measured by the monetary units that must be paid for goods and services.
• C)Only manufacturing firms need some form of cost accounting.
• D)The first step in a cost accounting system is the collection of costs by some category.

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Definitions:

Positive Reinforcement

A behavioral principle where the addition of a rewarding stimulus following a desired behavior increases the likelihood of that behavior being repeated in the future.

Inconsistent Support

Fluctuating levels of assistance and encouragement from a source, which may lead to feelings of uncertainty and instability.

Research Literature

Scholarly and peer-reviewed articles, books, and other publications that summarize current research findings in various domains of study.

Modest Support

Minimal but meaningful assistance or backing provided to an individual or initiative, typically sufficient to achieve a particular purpose or goal.