Which of the following statements is true of accountants?
A) Accountants cannot be hired to perform nonaudit services.
B) Accountants cannot be held liable by provisions of common law.
C) Accountants can be held liable to clients but not to third parties.
D) Accountants who lack certified public accountant (CPA) certification are called public accountants.
D
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Which of the following refers to factual or procedural information that is necessary for successfully performing a task?
A) Knowledge B) Skill C) Ability D) Wisdom E) Aptitude
Antitrust laws:
A. Restrict marketing activities that would reduce competition B. Set standards of quality for specific products C. Allow consumers to cancel contracts signed with door-to-door salespeople within a limited number of days after signing the contract D. Prohibit unfair or deceptive packaging E. Do not apply to companies that sell to the consumer market