A disadvantage of absorption costing is A.) None of the answers are correct. B.) Both answers are correct. C.) That it is not useful in management's decision-making process. D.) That it might encourage inventory buildup when there is no demand. Please dont give plagiarised answers and give best explanation

Which of the following statements is false? Multiple Choice In general, the term expense is used for managerial purposes, while the term cost refers to external financial reports. An opportunity cost is the benefit forgone by selecting one alternative over another. An outlay cost is a past, present, or future cash outflow. A cost is a sacrifice of resources.

(True or False) Order is not important in the step-down method because costs can be allocated in multiple directions.

Provide two reasons for an outdated costing system.