Which of the Following Statements Is LEAST-Likely True

question 24

Multiple Choice

Which of the following statements is LEAST-Likely true?

• A)Checking voltage drops as a preventive maintenance measure will catch potential problems before they fully develop.
• B)A small amount of voltage drop through the fuse link, which is a smaller wire than the rest of the circuit, is normal.
• C)There are no fuse links in the ground circuit, so lower voltage drop (0.1 volt) is desired.
• D)When performing a voltage drop test, remember that current must not be running through the circuit.

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Definitions:

ASPE

Accounting Standards for Private Enterprises; a set of accounting guidelines for private companies in Canada.

IFRS

International Financial Reporting Standards (IFRS) are a set of accounting rules and standards issued by the International Accounting Standards Board (IASB) that aim to bring consistency to financial reporting across the globe.

Condensed Income Statements

A simplified version of an income statement that presents only the most essential information, typically revenue, expenses, and net income, over a specific period.

Private Enterprises

Businesses that are privately owned and operated, and not publicly traded on stock exchanges.