The Economic Entity Assumption Requires That the Activities

question 86

Multiple Choice

The economic entity assumption requires that the activities

• A) of different entities can be combined if all the entities are corporations.
• B) must be reported to the Securities and Exchange Commission.
• C) of a sole proprietorship cannot be distinguished from the personal economic events of its owners.
• D) of an entity be kept separate from the activities of its owner.

---

Definitions:

Self-Reported Health

An individual's assessment or perception of their own health status, often used in health surveys and research.

Optimists

Individuals who generally believe that positive events are more likely to occur than negative ones in the future.

Good Events

Occurrences that have a favorable outcome or bring happiness, well-being, or satisfaction.

Longitudinal Evidence

Data gathered from the same subjects repeatedly over a period of time to observe changes and developments, providing insight into effects and patterns that emerge over the long term.