Which one of the following basic patterns of demand is difficult to predict because it is affected by national or international events or because of a lack of demand history reflecting the stages of demand from product development to decline?

In a process cost system, costs attach to products and are passed from one process to another

a. True b. False Indicate whether the statement is true or false

Which of the following is NOT an element of fraud?

A) Material misrepresentation B) Competent parties C) Knowledge of falsity D) Justifiable reliance