The Assumption That a Business Will Continue to Operate into the Future

question 128

Multiple Choice

The assumption that a business will continue to operate 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:

Accessibility

The ease with which people can move into and out of a space.

Ultrasonic Cleaner

A cleaning device that uses ultrasound waves and an appropriate cleaning solution to clean delicate items.

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Thermostat

A device used to regulate the temperature of a space by activating heating or cooling systems based on set temperature thresholds.