Concerning Cost Data,which of the Following Is False

question 77

Multiple Choice

Concerning cost data,which of the following is false?

• A)Cost information is stored in several tables.
• B)Standard cost is stored as an attribute of the Inventory table because it is the same for all units of a given inventory item for a fiscal year.
• C)In contrast,the actual cost of inventory is stored in the Inventory-Order_Goods table because purchase prices can vary over time.
• D)Actual cost can be stored as an attribute of the Inventory table for organizations using LIFO or FIFO.

---

Definitions:

Emergent Leader

An individual who naturally becomes a leader in a group due to their actions, decisions, and influence on others, rather than being formally appointed.

Expert Leader

A leader recognized for their high level of knowledge and skills in a particular area, earning them respect and the ability to influence others effectively.

Distinct Competencies

Unique skills, knowledge, or capabilities that give a business or individual a competitive advantage over others.

Creative Thinking

The ability to think in new and unusual ways and come up with unique solutions to problems.