Which of the Following Implies That a Business Once Started

question 40

Multiple Choice

Which of the following implies that a business once started will remain in existence for the foreseeable future?

• A) Business entity concept
• B) Going concern concept
• C) Balanced Score card
• D) Managerial accounting

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Definitions:

Randomized Block Experiment

A design of experiment in which subjects are blocked into groups to control for variability, and then randomly assigned to treatments within each block.

Multiple Comparison Methods

Multiple comparison methods are statistical procedures used to evaluate differences among three or more group means while controlling for the probability of making type I errors.

Fisher's LSD Procedure

A statistical method used for comparing means when the null hypothesis has been rejected in an ANOVA test, standing for Least Significant Difference.

ANOVA

Stands for Analysis of Variance, a statistical method used to determine the existence of significant differences between the means of three or more independent groups.