Which of the Following Statements Is Not Correct

question 94

Multiple Choice

Which of the following statements is not correct?

• A) Materiality is a relative rather than an absolute concept.
• B) The most important base used as the criterion for deciding materiality is total assets.
• C) Qualitative factors as well as quantitative factors affect materiality.
• D) Given equal dollar amounts, frauds are usually considered more important than errors.

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Definitions:

Decomposers

Organisms such as fungi and bacteria that break down dead organic material, returning nutrients to the ecosystem.

Biomass Pyramid

A graphical representation showing the relative amount of living organic matter available at each trophic level in an ecosystem.

Anaerobic Respiration

A process by which organisms produce energy without the use of oxygen.

Pyramid of Biomass

A graphical representation showing the total mass of living organisms at each trophic level in an ecosystem.