Which of the Following Concepts (Or Principles)require an Assumption That

question 103

Multiple Choice

Which of the following concepts (or principles) require an assumption that the entity will remain in operation for the foreseeable future?

• A) Entity concept
• B) Faithful representation principle
• C) Going-concern concept
• D) Cost principle

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Definitions:

Sensorimotor Period

The first stage in Piaget’s theory of cognitive development (birth to approximately age 2), characterized by the development of motor control and an understanding of the world through physical interaction.

Pacifier

A rubber, plastic, or silicone nipple given to an infant to suck upon, though it is not attached to a bottle or intended to deliver food.

Pleasurable

Causing a feeling of satisfaction, enjoyment, or pleasure.

Piaget

A Swiss psychologist known for his pioneering work in developmental psychology and his theory of cognitive development in children.