Which of the Following Is False

question 36

Multiple Choice

Which of the following is false?

• A) TPS need large computers to process the transactions.
• B) Business transactions can be processed when they occur.
• C) Business transactions can be processed after they occur.
• D) Data for transactions can be collected by sensors.
• E) A transaction is a business event.

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Definitions:

Depreciation Expense

The systematic allocation of the cost of a tangible asset over its useful life.

Factory Building

A physical structure designated for manufacturing processes and activities.

Absorption Costing

An accounting method that includes all manufacturing costs—direct materials, direct labor, and both variable and fixed overhead—in the cost of a product.

Variable Costing

An accounting method that only includes variable production costs (direct materials, direct labor, and variable manufacturing overhead) in product costs, with fixed overhead expenses treated as period costs.