An Accountant Who Works for a Single Business or Government

question 206

Multiple Choice

An accountant who works for a single business or government agency is referred to as a:

• A)Public accountant.
• B)Private accountant.
• C)Certified accountant.
• D)Commission accountant.

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Definitions:

Liquidated Damages

A predetermined amount of money that must be paid as compensation for failure to perform under a contract.

Uniform Commercial Code

A comprehensive set of laws that governs all commercial transactions in the United States.

Nonbreaching Seller

A party in a sales contract who has fulfilled their obligations without any violation of the agreement terms.

Essential Purpose

The fundamental objective or main reason that something exists or is done.