Which of the Following Statements Is False

question 7

Multiple Choice

Which of the following statements is false?

• A)Pilferage refers to employee theft.
• B)The time and costs associated with theft aren't always covered by insurance.
• C)Some organizations avoid locating their facilities in areas characterized by high crime rates.
• D)Theft refers to stolen merchandise worth more than $500.

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Definitions:

Free Goods

Items or services available in abundance without direct cost, such as air or sunlight, not requiring scarce resources for their production.

Scarce Resources

Refers to the limited availability of inputs—such as labor, capital, and raw materials—used in the production of goods and services.

Economist

A professional who studies the production, distribution, and consumption of goods and services, often analyzing economic issues and trends.

Scarcity of Time

A situation where the amount of time available is insufficient to meet demands or complete tasks.