The Going Concern Assumption Means the Viability of a Business

question 46

Multiple Choice

The going concern assumption means the viability of a business to

• A) remain in business for the foreseeable future.
• B) maintain the current level of sales.
• C) the viability of the business to operate in its current market.
• D) none of the above.

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Definitions:

Conduct

The manner in which a person behaves, especially on a particular occasion or in a specific context.

Safety Recommendations

Guidelines or advice intended to ensure that activities or operations are conducted in a manner that minimizes the risk of harm or injury.

Pesticides

Pesticides are chemical or biological agents used to control pests that can damage crops, animals, or carry diseases.

Ethical Standards

Guidelines or principles designed to direct behavior in a manner considered morally good and proper in a specific context.