Which of the Following Statements Is (Are) False

Multiple Choice

Which of the following statements is (are) false?
(1) In general, the term expense is used for managerial purposes, while the term cost refers to external financial reports.
(2) An opportunity cost is the benefit forgone by selecting one alternative over another.

A) Only (1) is false.
B) Only (2) is false.
C) Both of these are false.
D) None of these are false.