The relatively stable economic, political and social environment supportsGroup of answer choicesConservatismMaterialityTimelinessGoing Concern

The relatively stable economic, political and social environment supports the Going Concern principle.

This principle is an accounting term for a company that has the resources needed to continue operating indefinitely until it provides evidence to the contrary. This term also refers to a company's ability to make enough money to stay afloat or to avoid bankruptcy. If a business is not a going concern, it means the company has gone bankrupt and its assets were liquidated.

A stable environment (economic, political, and social) is crucial for a company to be considered a going concern because it ensures that the company can continue its operations without significant interruptions or difficulties.