The Going-Concern Postulate States That Unless There Is Evidence to the Contrary

question 61

True/False

The going-concern postulate states that unless there is evidence to the contrary, it is assumed that the firm will continue indefinitely.

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Definitions:

Faulty Assumptions

Incorrect beliefs or misconceptions that individuals hold, often leading to negative outcomes or behaviors based on those beliefs.

Metacognitive Theory

A theory suggesting that people with generalized anxiety disorder implicitly hold both positive and negative beliefs about worrying.

Intolerance Of Uncertainty Theory

An explanation for generalized anxiety disorder that states that certain individuals cannot tolerate the knowledge that negative events may occur, even if the possibility of occurrence is very small.

Unconditional Positive Regard

A concept in client-centered therapy proposing unconditional acceptance and support of a person regardless of what they say or do.