An Unexpected Increase in the Demand for Accountants Will Lead

question 146

Multiple Choice

An unexpected increase in the demand for accountants will lead to

• A) an increase in their earnings and an expansion in the future supply of accountants.
• B) a decrease in the incentive of students to prepare for a career in accounting.
• C) a reduction in the current earnings of accountants, followed by a reduction in the future supply of accountants.
• D) a reduction in the employment of accountants but not their wage rates.

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Definitions:

Activities

Actions or tasks performed by individuals or groups, often with a specific objective or purpose in mind.

Unrelated Business Income

Income generated from activities that are not directly related to an organization's primary mission, of particular concern for nonprofits maintaining tax-exempt status.

Forms 990

The IRS forms required to be filed by nonprofit organizations in the United States, providing the public with financial information about the nonprofit's operations.

Sarbanes-Oxley Act

A United States federal law that sets new or expanded requirements for all U.S. public company boards, management, and public accounting firms.