Which of the Following Statements About Product Costing Is False

question 26

Multiple Choice

Which of the following statements about product costing is false?

• A) Product costs may differ depending on the decision context.
• B) Organisations should aim to have only one product costing system.
• C) In designing a product costing system, managers need to make a careful assessment of costs and benefits associated with each element of the product cost.
• D) Both current costs and future costs are relevant for managerial decisions.

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Definitions:

Kohlberg

A theorist known for his work on the stages of moral development.

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An individual's subjective evaluation of their worth during the adolescent years, influencing mental health and behavior.

Teen Years

A period in human growth and development that occurs after childhood and before adulthood, typically between ages 13 and 19.

Rises

An increase or upward movement, whether in terms of numbers, quantities, or levels.