The Chartered Accountants Society, the Governing Body of Chartered Accountants

question 28

Multiple Choice

The Chartered Accountants Society, the governing body of chartered accountants, has set regulations to govern the activities of its members. Which of the following regulations do not violate the Competition Act?

• A) Members may advertise only in the telephone yellow pages and in approved trade journals.
• B) A tariff of fees establishes minimum amounts to be charged to clients for specified services.
• C) Advertising may not discuss prices or offer any price discounts to the public.
• D) The Society may allow C.A.'s to agree as to the provision of certain specified services within a particular geographic area.

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Definitions:

Nomothetic Laws

General principles or laws that apply to a wide range of individuals or phenomena, often used in psychology to identify universal traits or behaviors.

Idiographic Laws

Principles or laws that explain the unique, individual characteristics that distinguish one person from another, as opposed to nomothetic laws which seek universal principles applicable to all.

Idiographic Approach

The idiographic approach is a method in psychological study focusing on the unique characteristics and experiences of an individual to understand their behavior.

Nomothetic

An approach in psychology that seeks to produce general statements and universal laws of behavior through the study of large groups.