The Assumed Continuation of a Business Entity in the Absence

question 68

Multiple Choice

The assumed continuation of a business entity in the absence of evidence to the contrary is an example of the accounting concept of

• A) accrual.
• B) consistency.
• C) comparability.
• D) going concern.

Explain the principle of exergonic and endergonic reactions and their relation to biological functions.

Describe the structure and function of enzymes, including the active site and enzyme specificity.

Understand the factors influencing enzyme activity and reaction rates, such as substrate concentration and temperature.

Explain the concept of transition states and the role of enzymes in stabilizing these states to catalyze reactions.

---

Definitions:

Premium

The amount paid for an insurance policy or the extra cost for a higher quality or feature-enhanced product or service.

Moral Hazard

The situation in which one party engages in risky behavior knowing that it is protected against the risk because another party will bear the consequences.

Fire Protection Program

A program designed to prevent, detect, and suppress fires, often including public awareness campaigns, fire safety regulations, and firefighting services.

Premium

An amount paid for an insurance policy, representing the cost to protect against a specific risk or to ensure service availability.