The Assumption That in the Absence of Contrary Information a Business

question 122

Multiple Choice

The assumption that in the absence of contrary information a business entity will continue indefinitely is the:

• A) Periodicity assumption.
• B) Entity assumption.
• C) Going concern assumption.
• D) Historical cost assumption.

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Definitions:

Drive Traffic

Strategies and tactics employed to increase the number of visitors to a website or physical location.

"Buy One, Get One Free"

A promotional sales technique where customers are offered an additional product at no extra cost upon purchasing the first item.

Monopolistic Competition

A market structure characterized by many sellers offering similar but not identical products, leading to competition based on product differentiation.

Purely Competitive Market

A market structure characterized by a large number of sellers offering identical products, with no single seller able to control the market price.