The Assumption That a Business Enterprise Will NOT Be Sold

question 10

Multiple Choice

The assumption that a business enterprise will NOT be sold or liquidated in the near future is known as the

• A) economic entity assumption.
• B) monetary unit assumption.
• C) fair value principle.
• D) going concern assumption.

---

Definitions:

Needy Individuals

refers to people who are in poverty or lack the means to afford basic necessities of life.

Government Agency

An organization at the federal, state, or local level that implements laws, regulations, and policies; operates services for the public; or oversees specific activities governed by law.

Legal Research

The process of identifying and retrieving information necessary to support legal decision-making, including analysis of statutes, case law, and legal precedents.

Welfare Eligibility

Criteria that determine an individual's or family's qualification to receive assistance or benefits from governmental social welfare programs.