Which of the following statements is NOT true with regard to average costs?
A) Average costs represent all of the costs of all resources obtained in a particular period
B) Average costs provide an excellent way to compare current costs with historical costs
C) In many cases, the cost used to make an operation decision is an average cost
D) Average costs can lull a business into ignoring important details
E) None of the above is true

Question

Quizplus · Accepted Answer

The Answer of Which of the following statements is NOT true with regard to average costs?
A) Average costs represent all of the costs of all resources obtained in a particular period
B) Average costs provide an excellent way to compare current costs with historical costs
C) In many cases, the cost used to make an operation decision is an average cost
D) Average costs can lull a business into ignoring important details
E) None of the above is true

Which of the Following Statements Is NOT True with Regard