Task: Instance Description Understanding (ontology: Business_Finance/Financial_Industry_Business_Ontology)

Which of the following definitions best describes the instance 'active status'?

A. status indicating that as of the last report or update, the entity was legally registered and operating
B. status indicating that the registration is for an entity that has been merged into another legal entity, such that this legal entity no longer exists as an independently operating entity
C. Based on the validation procedures in use by the LOU responsible for the record, there is sufficient information contained in authoritative public sources to corroborate the information that the submitter has provided for the record.
D. status indicating that the entity is no longer legally registered and/or operating, whether as a result of business closure, acquisition by or merger with another (or new) entity, or determination of illegitimacy

Answer: status indicating that as of the last report or update, the entity was legally registered and operating