Which of the Following Statements Is False

question 3

Multiple Choice

Which of the following statements is false?

• A) One of the limitations of marginal costing is that it is difficult to assess profitability when there are limiting factors such as machine capacity
• B) Marginal costing can identify the minimum selling price that would not produce a loss
• C) Marginal costing focuses on how costs will behave as a result of changes in the volume of production
• D) Marginal costing focuses on the contribution each product can make towards fixed costs and towards profit

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Definitions:

Stanley Milgram

A psychologist known for his landmark study on obedience to authority figures, demonstrating people's willingness to follow orders.

Obedience To Authority

A form of social influence where individuals follow orders or directives from an authority figure, sometimes against their own interests.

Stanley Schachter

A psychologist known for his research on social behavior, emotion, and group dynamics, including the study of anxiety, affiliation, and social comparison.

Philip Zimbardo

A renowned psychologist best known for conducting the Stanford prison experiment, exploring human behavior under confinement.