Which of the Following Statements Is False

question 62

Multiple Choice

Which of the following statements is false?

• A) Unfavourable variances represent the costs of producing inefficiently.
• B) Unfavourable variances (after closing to cost of goods sold) cause cost of goods sold to be higher.
• C) Unfavourable variances are recorded as a credit entry.
• D) Significant unfavourable variances should be investigated by managers.

Recognize the importance of environmental factors and community infrastructure in disease prevention.

Understand the historical development of public health initiatives and their impact on community health.

Analyze the role of government and non-governmental organizations in the advancement of public health.

Identify key figures and their contributions to public health and nursing.

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Definitions:

Decreasing Average Cost

A situation where the average cost of production decreases as the quantity of output increases, often due to economies of scale.

Market Structures

The organization and characteristics of a market, including the number and size of producers, product differentiation, and the ease of entry and exit, which affect competition and pricing strategies.

Close Substitutes

Products or services that can easily replace each other in the eyes of the consumer, due to their similar features and functionalities.

Diamond Mines

Sites or locations where diamonds are extracted from the earth.