The Accounting Principle That Assumes That a Company Will Operate

question 81

Multiple Choice

The accounting principle that assumes that a company will operate in the foreseeable future is:

• A)Going concern.
• B)Objectivity.
• C)Liquidity.
• D)Disclosure.

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Definitions:

Operations Manager

Someone whose job is to guide, plan, and monitor the production process and modify organizational practices in the creation of goods or services.

Globalization

The process of interaction and integration among people, companies, and governments worldwide, driven by international trade and investment and aided by information technology.

Operations Strategy

A long-term plan specifying the methods and processes used by an organization to produce goods or deliver services, aligning with overall business strategy.