Question 1: True or False, one mark each (5 marks) Encircle the correct answer 1) Companies that overcost products will most likely lose market share. a. True b. False 2) If a company overcosts one of its products, then it will undercost at least one of its other products. a. True b. False 3) When refining a costing system, a company should classify as many costs as possible as direct costs. a. True b. False 4) Activity-based costing helps identify various activities that explain why costs are incurred. a. True b. False 5) Activity-based Costing systems create homogeneous cost pools linked to different activities. a. True b. False