Multiple choice

What is a 'weak unit'?

  1. An industry whose more than 70% of net worth is eroded.

  2. An industry whose about 50% of net worth is eroded.

  3. An industry that has been in existence for not less than 5 years and is found at the end of an accounting year to have accumulated losses to such an extent that its net worth is completely eroded.

  4. An industry whose less than 25% of net worth is eroded.
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

An industry that has been in existence for not less than 5 years, and is found at the end of an accounting year to have accumulated losses to such an extent that its net worth is completely eroded.

Keep practicing — related questions