Which of the Following Statements Is FALSE

question 30

Multiple Choice

Which of the following statements is FALSE?

• A)The mark up is a percentage applied to base cost.
• B)The mark up is an absolute rule.
• C)A major advantage of mark up pricing is that standard mark ups are easy to apply.
• D)The mark up can be calculated using a variety of bases.

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Definitions:

Substitute Marriage Cohabitation

A living arrangement in which a couple shares a household and life together but is not legally married.

Dating Cohabitation

The state of living together and being involved in an intimate relationship without being married.

Inertia Effect

The tendency of an object or process to continue in its current state, whether at rest or in motion, unless acted upon by an external force.

Cohabitation

The condition of cohabiting and engaging in a sexual relationship without the bond of marriage.