The expectation (concept) that a business can continue to exist, even after it is sold to others is known as:

a. Going concern
b. Business entity
c. Accounting equation
d. Information usefulness

Ans: a. Going concern

Business

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Employers obtain insurance coverage for workers' compensation claims from:

A. the federal government. B. the state Workers' Compensation Board. C. private insurance companies or by self-insuring. D. insurers designated by the federal government.

Business

A ________ exists when an unauthorized party imports products and then sells them for a fraction of the price of authorized products

A) gray market B) dual distribution system C) disintermediation system D) black market E) dumping ground

Business