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Recap of Overview of Financial Statements

Statement: "P...

Question

Statement: "Please do not wait for me, I may be late, start taking lunch as soon as the guests arrive. - A message from a Director of a Company to his office managers.
Assumptions:
I. Keeping guest waiting is not desirable.
II. Lunch may not be ready in time.

A

Only assumption I is implicit

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B

Only assumption II is implicit

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C

Either I or II is implicit

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D

Neither I nor II is implicit

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E

Both I and II are implicit

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Solution

The correct option is A Only assumption I is implicit
Clearly, the Director instructs his managers not to keep the guests waiting because of him and to proceed with lunch soon after their arrival. This implies that lunch would be ready in time. So, only I is implicit.

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