When consumers are less confident about their jobs or incomes, they are more likely toreduce purchases of nondurable goods and increase purchases of durable goods. reduce purchases of durable goods than nondurable goods. increase investment spending and decrease consumption spending. increase consumption spending and decrease investment spending.

Which of the following statements are false regarding activity-based costing? non-manufacturing costs are important to include when calculating the cost of each product. costs are allocated based on a pre-determined overhead rate. transitioning from traditional costing methods to activity-based costing can be complicated and costly. activity-based costing follows the same basic calculation methods as traditional costing approaches. none of the above