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:

Enabling Behaviors

Actions that protect individuals from the consequences of their behavior, often contributing to the continuation of negative behaviors such as addiction or incompetence.

D-lysergic Acid Diethylamide

A synthetic hallucinogenic drug that produces alterations in perception, mood, and thought, known for its psychological effects.

Phencyclidine

A synthetic drug also known as PCP that can cause hallucinations, altered perceptions of reality, and sometimes violent behavior.

Therapeutic Environment

A space designed to promote healing and well-being, often used in mental health care, characterized by safety, support, and comfort.