Which of the Following Statements Is FALSE

question 39

Multiple Choice

Which of the following statements is FALSE?

• A)Traditional cost systems generally assign only production costs to products.
• B)Only one cost driver is acceptable when indirect manufacturing costs are a large proportion of total costs.
• C)Traditional cost systems work well with simple production and operating systems.
• D)Cost drivers can be expressed in dollar amounts.

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Definitions:

Breach of Contract

Failure to perform any term of a contract, written or oral, without a legitimate legal excuse.

Reject the Offer

The act of declining a proposal or bid, potentially in negotiations, contracts, or transactions.

Accept the Offer

Agreeing to the terms or conditions presented in an offer, thereby entering into a binding contract.

Contractual Capacity

The threshold mental capacity required by law for a party who enters into a contract to be bound by that contract.