_________ Assumes the Business Will Go on Indefinitely in the Future

question 89

Multiple Choice

_________ assumes the business will go on indefinitely in the future.

• A) Materiality
• B) Going concern
• C) Cost
• D) Fair value

---

Definitions:

Civil Liberty

The freedoms and rights that individuals have to ensure their ability to participate fully in the civil and political life of their society without discrimination or repression.

Mackay Radio

The Mackay Radio decision (1938) by the U.S. Supreme Court affirmed the right of employers to permanently replace striking workers, impacting labor relations and the balance of power between employers and unions.

Economic Strike

A strike action undertaken by workers to achieve better wages, hours, and working conditions, as opposed to strikes for political reasons.

NLRA Section 8(a)(3)

Part of the National Labor Relations Act that outlines unfair labor practices by employers, particularly around discrimination against employees for union involvement.