_____ is not true.
A)That a cost may be defined as a sacrifice or consumption of resources for a particular purpose
B)That costs are frequently measured by the monetary units that must be paid for goods and services
C)That cost is another term for expense
D)All of these answers are correct

Question

Quizplus · Accepted Answer

Cost and expense are not interchangeable terms. Cost is the sacrifice or consumption of resources, whereas expense specifically refers to costs associated with activities necessary to generate revenue.

_____ Is Not True