Which Philosopher Was a Believer in Psychological Egoism,and Tried to Give

question 50

Multiple Choice

Which philosopher was a believer in psychological egoism,and tried to give a more general account of it by listing motives and showing how each could be read as
Egotistical acts or intentions?

• A)John Locke
• B)Thomas Hobbes
• C)John Rawls
• D)Immanuel Kant

Differentiate between negligence, fraud, and breach of contract in a professional context.

Understand the conditions under which professionals can be held liable for their actions and the defenses available to them.

Identify the role of auditing standards and the standard of care expected from professionals.

Comprehend the concept of privity and its implications for professional liability.

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Definitions:

Consolidation

The process of combining the financial statements of several subsidiary companies into the statements of a single parent company, displaying the group's total financial status as a single entity.

Cost Method

An accounting method used to value an investment, where the investment is recorded at its cost and adjustments are only made when there are declines in value or realized returns.

Equity in Earnings

The share of the profits or losses from investments in associates that a company accounts for using the equity method.

FVTPL

Fair Value Through Profit or Loss, a classification under International Financial Reporting Standards for financial assets held for trading or designated upon initial recognition as measured at fair value, with changes in fair value recognized in profit or loss.