Which of the Following Statements Is Not Correct

question 76

Multiple Choice

Which of the following statements is not correct?

• A)A seller would be eager to sell her product at a price higher than her cost.
• B)A seller would refuse to sell her product at a price lower than her cost.
• C)A seller would be indifferent about selling her product at a price equal to her cost.
• D)Since sellers cannot set the price for their product,they must be willing to sell their product at any price.

---

Definitions:

Land Improvements

Enhancements made to a parcel of land to increase its value, such as landscaping, fencing, and paving.

Personal Property

Personal property encompasses any movable property that is not attached to or associated with real estate, such as vehicles, furniture, and electronic devices.

Units-of-Activity

A depreciation method that allocates an asset's cost based on its usage, activities, or units of production rather than the passage of time.

Double-Declining-Balance

A method of accelerated depreciation which doubles the rate at which an asset depreciates compared to the straight-line depreciation method.