In Which Case Was It Held That an Auditor Did

question 1

Multiple Choice

In which case was it held that an auditor did not owe a duty of care to potential shareholders?

• A) Cambridge Credit
• B) London and General Bank
• C) Nelson Guarantee Corp Ltd
• D) Caparo

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Definitions:

Marginal Utility

The additional satisfaction or benefit gained from consuming one more unit of a good or service.

Money Income

The total amount of monetary earnings or receipts a person or household receives within a specific period.

Utility-Maximizing

The behavior or principle where individuals or entities choose options that increase their satisfaction or utility to the greatest extent.

Marginal Utility

The additional satisfaction gained from consuming an additional unit of a good or service.