Which of the Following Is Not True

question 83

Multiple Choice

Which of the following is not true?

• A)The complexities of ABC have caused many firms to pursue value stream accounting.
• B)Value stream accounting captures costs related to value-added activities within a specified department or activity.
• C)An essential aspect in implementing value stream accounting is defining the product family.
• D)Value stream accounting makes no distinction between direct costs and indirect costs.

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Definitions:

Monopolistic Competition

A market structure where many firms sell products that are similar but not identical, allowing for some degree of market power.

Differentiated Products

Goods or services that are distinguished from similar products based on quality, brand, design, or features, leading to non-price competition among firms.

Advertising

A marketing strategy involving the public promotion of products, services, or brands through various media channels to attract consumer interest.

Waste Of Resources

The inefficient, ineffective, or unnecessary use of resources resulting in the loss of potential benefits.