A Business Is Said to Be a 'Going Concern' If

question 2

Multiple Choice

A business is said to be a 'going concern' if:

• A) It is not expected to continue trading for more than a year.
• B) It is not expected to incur losses in the future.
• C) It is expected to continue trading for the foreseeable future.
• D) It has incurred losses in the past.

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Definitions:

Ableism

Discrimination and social prejudice against people with disabilities based on the belief that typical abilities are superior.

Exclusive Clubs

Social or recreational organizations that restrict membership based on certain criteria, creating an environment of exclusivity.

Social Circles

Groups of people with whom one interacts and shares common interests or backgrounds; often influential in shaping individual behavior and opinions.

Social Class

Any group of people who share the same situations in a common social structure.