Which of the Following Statements Is FALSE

question 40

Multiple Choice

Which of the following statements is FALSE?

• A) Traditional costing systems generally assign only production costs to products.
• B) Traditional costing systems use a single cost pool for all indirect production costs.
• C) Traditional cost systems work well with simple production processes.
• D) Traditional cost systems allocate a cost pool to cost objects using multiple cost drivers.

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Definitions:

Ursulines

A Roman Catholic religious order founded at Brescia, Italy, by St. Angela Merici in 1535, primarily focused on the education of young girls.

Council of Trent

A series of Catholic Church councils held between 1545 and 1563 in response to the Protestant Reformation, leading to significant church reforms.

Malleus Maleficarum

The Malleus Maleficarum, often referred to as the Hammer of Witches, is a treatise on witchcraft written in 1486, which played a significant role in the witch hunts in Europe.

Avignon Papacy

The period from 1309 to 1377 during which seven successive popes resided in Avignon, France, rather than in Rome, leading to a significant schism in the Catholic Church.