Mitigating Factors That Reduce Going Concern Risk Include the Ability

question 60

True/False

Mitigating factors that reduce going concern risk include the ability to raise additional funds
through the sale of shares.

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Definitions:

Safety Need

A concept from Maslow's hierarchy of needs referring to an individual's need for security, protection, and freedom from fear or anxiety.

Socialized Power

A form of power wielded with the intention of promoting the common good rather than personal gain, often seen in leadership that prioritizes group goals.

Perceived Probability

An individual's subjective judgment regarding the likelihood of a particular event happening, which may not always align with the actual statistical probability.

Effort

The amount of physical or mental energy expended to achieve a task or goal.