Which of the Following Definitions Is INCORRECT

question 14

Multiple Choice

Which of the following definitions is INCORRECT?

• A) pandemic: a disease that affects a large number of people in the world in a short time
• B) epidemic: a disease that is endemic across the world
• C) sporadic: a disease that affects a population occasionally
• D) endemic: a disease that is constantly present in a population
• E) incidence: number of new cases of a disease

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Definitions:

Memorandum Entry

An accounting entry that is made in the records but does not affect the financial statements.

Tangible

Physical and material assets that can be seen and touched, such as machinery, buildings, and equipment.

Balance Sheet

A financial statement that summarizes a company's assets, liabilities, and shareholders' equity at a specific point in time, providing a snapshot of its financial condition.

Equipment Held

Assets in the form of machinery or other equipment that a company owns and uses in its operations.