Which of the Following Statement Is FALSE

question 377

Multiple Choice

Which of the following statement is FALSE?

• A) Only the price system can be used to ration goods.
• B) Random assignment can be a method of rationing.
• C) Coupons can be used to ration goods.
• D) Queuing can be used for rationing.

Explain the concept and importance of ethical values in managerial decision-making.

Understand various ethical views (utilitarian, individualism, justice) and their application in business scenarios.

Differentiate between instrumental and terminal values and their relevance to business ethics.

Identify the processes and benefits of a social responsibility audit.

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Definitions:

Extraordinary Items

Unusual and infrequent gains or losses that are reported separately on a company's income statement.

Uncollectible Accounts

Accounts receivable that a company is unable to collect, often leading to a write-off as a bad debt expense.

Expropriation

The governmental seizure of private property without the owner's consent, often with compensation.

Extraordinary Item

Extraordinary items were once classified on income statements to denote unusual or infrequent transactions that were distinct from regular business operations, but accounting standards have evolved to limit or exclude these classifications.