What Is Meant by the "Principle of Alternate Possibilities

question 98

Multiple Choice

What is meant by the "principle of alternate possibilities"?

• A) The principle that a person is only morally responsible if she could've done otherwise
• B) The principle that one can be responsible even if one couldn't have done otherwise
• C) The principle that alternate possibilities are necessary for free will
• D) None of the above

Identify what constitutes scienter in the context of accounting fraud and malpractice.

Recognize an auditor's responsibilities upon discovering illegal activities during an audit.

Evaluate the liability issues of accountants under the 1933 Securities Act regarding misleading registration statements.

List the services that are prohibited for accounting firms to perform for audit clients under the Sarbanes-Oxley Act.

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Definitions:

Research Hypothesis

Statement regarding an expected or predicted relationship between variables.

Ordinal Variables

Variables that represent categories with a natural order or ranking, but where the distances between categories are not necessarily equal.

Spearman Rank-Order

A nonparametric measure of rank correlation that assesses how well the relationship between two variables can be described using a monotonic function.

Pearson Correlation

A measure of the linear correlation between two variables X and Y, giving a value between -1 and 1 which indicates the extent of their linear relationship.