Which One of the Following Assumptions Is Violated When a Company

question 4

Multiple Choice

Which one of the following assumptions is violated when a company pays for its CEO's personal groceries using the company's bank account?

• A)Stable dollar
• B)Economic entity
• C)Going concern
• D)Ethical principle of accounting

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Definitions:

Directive

An instruction, command, or principle intended to guide actions or behavior.

Psychopharmacology

The use of drugs to control or relieve the symptoms of psychological disorders.

Anxiety Disorder

A group of mental disorders characterized by significant feelings of anxiety and fear, affecting daily living.

Family Therapy

A form of psychotherapy that aims to improve communication and resolve conflicts within a family by treating it as a single unit.