Which of the Following Nonfinancial Factors Is Most Likely to Be

question 46

Multiple Choice

Which of the following nonfinancial factors is most likely to be a cause of a going-concern problem?

• A)Hiring a new CEO.
• B)Loss of a key patent.
• C)Announcing a new stock issue.
• D)Replacing an old product line.

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Definitions:

Phytoplankton

Microscopic plant-like organisms that float in water bodies; they are the primary producers in aquatic ecosystems.

Radioactive Isotope

An isotope of an element that has an unstable nucleus and emits radiation during its decay to a stable form.

Greenhouse Effect

The process by which radiation from a planet's atmosphere warms the planet's surface more than it would without this atmosphere, largely due to greenhouse gases.