Which of the Following Statements Is FALSE

question 81

Multiple Choice

Which of the following statements is FALSE?

• A)A capital budget lists the projects and investments that a company plans to undertake during the coming year.
• B)Income Tax = EBIT × (1 - τ_c).
• C)When sales of a new product displace sales of an existing product,the situation is often referred to as cannibalization.
• D)Overhead expenses are often allocated to the different business activities for accounting purposes.

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Definitions:

Peninsula Campaign

A major Union operation in 1862 during the American Civil War, aimed at capturing the Confederate capital of Richmond, Virginia, by moving up the Virginia Peninsula.

Major Union Victory

A significant battle or campaign won by the Union forces during the American Civil War, often turning the tide in favor of the North.

Richmond

is the capital city of Virginia, United States, known for its historical significance during the Civil War as the capital of the Confederacy.

General Butler

Benjamin Franklin Butler, a controversial Union general during the American Civil War, known for his strong enforcement of policies in the territories he commanded.