The Assumption That a Business Can Continue to Remain in Operation

question 22

Multiple Choice

The assumption that a business can continue to remain in operation into the future is the:

• A) Monetary unit assumption.
• B) Periodicity assumption.
• C) Economic entity assumption.
• D) Going concern assumption.

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Definitions:

Preterm Infant

An infant born before completing the standard 37 to 42 weeks of gestation, often requiring specialized medical care.

Breathing Reflexes

Automatic and involuntary responses that control breathing, such as the reflex that regulates the rate and depth of breathing in response to oxygen and carbon dioxide levels in the blood.

Cognitive Functioning

The capacity of the brain to process, reason, remember, and relate information; a broader term encompassing various cognitive skills.

School Achievement

The measure of academic performance and completion of educational benchmarks, often assessed through grades, test scores, and diplomas or degrees earned.