Which of the Following Is Correct with Regard to an Accountant's

question 9

Multiple Choice

Which of the following is correct with regard to an accountant's contractual liability?

• A) An accountant is bound to perform all the duties she explicitly agrees to perform
• B) An accountant implicitly agrees to perform a contract in a competent and professional manner
• C) An accountant who breaches his contract with a client may also be liable to a third party intended beneficiary
• D) All of these are correct.

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Definitions:

Wages

The monetary compensation paid by an employer to an employee in exchange for work performed, often specified in terms of hours, weeks, or tasks completed.

Factor Demand

The demand for input factors by businesses that are required to produce goods or services.

Outputs

The products or services generated by a business or an economic system.

Inputs

The resources, such as capital, labor, and materials, used in the production process to create goods or services.