Which Non-Financial Factor in the Following List Is Most Likely

question 34

Multiple Choice

Which non-financial factor in the following list is most likely to be a cause of a going-concern problem?

• A)Hiring a new CEO.
• B)Loss of a key patent.
• C)Announcing a new share issue.
• D)Replacing an old product line.

---

Definitions:

Sample Proportion

The fraction or percentage of items in a sample that exhibit a particular trait or characteristic.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values, indicating how much the values in a dataset differ from the mean.

Approximately Normal

A distribution is said to be approximately normal if it closely follows a normal distribution, characterized by its bell-shaped curve.

Probability

A measure of the likelihood that an event will occur, represented as a number between 0 and 1, where 0 indicates impossibility and 1 indicates certainty.