Which of the Following Statements Is FALSE

question 113

Multiple Choice

Which of the following statements is FALSE?

• A)In general,older employees have lower rates of avoidable absence than do younger employees.
• B)All older workers have lower rates of avoidable absence than do younger employees.
• C)The older you get,the more likely you are to quit your job.
• D)Older employees have higher rates of unavoidable absence than younger workers,probably due to their poorer health.

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Definitions:

Merchandise Inventory

Merchandise inventory is the total cost of all goods held by a company for the purpose of resale during a given period.

Schedule of Accounts Payable

A detailed listing of all the amounts a company owes to its suppliers or vendors, but has not yet paid.

Subsidiary Ledger

A detailed ledger that contains information for individual accounts, supporting the summary data in the general ledger.

Controlling Account

A general ledger account that summarizes the total balances of multiple subsidiary accounts.