Which of the Following May Not Be True If Excessive

question 116

Multiple Choice

Which of the following may not be true if excessive quantities of inventory are ordered:

• A)storage and interest costs may increase.
• B)goods might have to be sold at large discounts.
• C)there is a greater probability that goods will become damaged or obsolete.
• D)would always lead to higher sales and resulting in higher profits.

Explain the flow of costs in a process cost accounting system.

Identify the prime costs in manufacturing.

Understand the purpose and composition of the cost of production report.

Recognize the impact of different costing methods (FIFO, LIFO) on inventory valuation and cost of goods sold.

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Definitions:

Difficult Challenges

Difficult challenges refer to tasks or situations that are hard to overcome due to their complexity or intensity.

Behavioural Component

The aspect of attitude that involves the way one behaves towards an object or subject.

Cognitive Component

The element of attitude that involves beliefs, thoughts, and attributes that we associate with an object.

Achievement Motive

The internal drive or need for achievement and accomplishment, often motivating individuals to pursue goals and overcome challenges.