Which of the Following Statements Is False

question 15

Multiple Choice

Which of the following statements is false?

• A) There is no need for the accounting and the reporting systems to separate economic transactions that concern the business exclusively,from those that concern its individual or corporate capital providers.
• B) A business represents a legal or economic entity that is separate from the individual or corporate capital providers.
• C) Any business must report on its economic activity by issuing periodic financial statements,even if only for tax purposes.
• D) If incorporated as a legal entity,a business can go to court,or be taken to court.

---

Definitions:

Freud's Legacy

The lasting impact of Sigmund Freud's theories on psychoanalysis, psychology, and contemporary thought, including concepts of the unconscious mind.

Scientific Method

A systematic, empirical process of inquiry aimed at understanding, explaining, and predicting phenomena through observation, experimentation, and hypothesis testing.

Evolutionary Changes

Alterations in the genetic makeup of a population over successive generations due to natural selection, genetic drift, mutation, and gene flow.

Identity Crisis

According to Erikson, a period of inner conflict during which one examines one’s values and makes decisions about one’s life roles.