Which of the Following Is a True Statement

question 100

Multiple Choice

Which of the following is a true statement?

• A) Cost is always measured in the nation's currency.
• B) Opportunity cost is an objective measure since the cost of an activity is the same for everyone.
• C) The less alternatives there are the greater the cost.
• D) Opportunity cost is always a foregone opportunity.

Understand the concept and benefits of electronic funds transfer (EFT) in financial transactions.

Explain the significance of debit and credit memos on bank statements and their impact on company bank account balances.

Evaluate internal control procedures over cash and identify strengths and weaknesses.

Calculate the beginning balance of a cash account given cash payments and collections data.

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Definitions:

Awareness

The state of being conscious or informed about something.

External Stimuli

Environmental factors or influences that can elicit a physiological or psychological response from an individual.

Optimal

The best or most favorable condition, level, or amount of something for a particular situation or purpose.

Sleep

A natural and periodic state of rest during which consciousness of the world is suspended.