Which of the Following Is Not an Example of the Threat

question 101

Multiple Choice

Which of the following is not an example of the threat of substitutes?

• A)When airline prices get too high,people drive their cars for their vacations.
• B)When the price of steak gets too high,people purchase hamburger of chicken.
• C)When hotel prices get too high,people stop taking vacations
• D)All of the choices are correct.

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Definitions:

Physical Existence

The actual, tangible presence of an asset, as opposed to intangible assets or rights.

External Audit

An independent examination of financial records and statements, conducted by an outside firm, to ensure accuracy and compliance with accounting standards.

Financial Statements

Official documentation detailing the monetary transactions and financial standing of a company, person, or different organization.

Credibility

The quality of being trusted and believed in, important in financial reporting and accounting practices.