Which of the Following Statements Is FALSE

question 30

Multiple Choice

Which of the following statements is FALSE?

• A)The mark up is a percentage applied to base cost.
• B)The mark up is an absolute rule.
• C)A major advantage of mark up pricing is that standard mark ups are easy to apply.
• D)The mark up can be calculated using a variety of bases.

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Definitions:

Defense Mechanisms

Psychological strategies unconsciously employed to protect oneself from anxiety and the unacceptable aspects of reality.

Differentiation

The process of identifying and defining one's own thoughts, feelings, and actions as distinct from those of others, often used in the context of family systems theory.

Mature Dependency

A healthy form of dependency in relationships, characterized by mutual respect and support without undue reliance on the other.

Consciousness

The state of being aware of and able to think about one's own existence, sensations, and thoughts.