The Going Concern Assumption Assumes That the Business

question 83

Multiple Choice

The going concern assumption assumes that the business

• A)will be liquidated in the near future.
• B)will be purchased by another business.
• C)is in a growth industry.
• D)will remain in operation for the foreseeable future.

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Definitions:

Chicken Pox

A highly contagious viral disease causing an itchy rash and red spots or blisters all over the body.

Exposure Control Plan

A document that outlines the specific measures and procedures implemented to protect workers from exposure to potentially infectious materials.

Engineering Controls

Strategies or modifications designed to protect workers by removing hazardous conditions or by placing a barrier between the worker and the hazard.

Whooping Cough

An infectious bacterial disease that causes uncontrollable, violent coughing which can make it hard to breathe; also known as pertussis.