How Long Must Each Practitioner Maintain Records of Their Completed

question 20

Multiple Choice

How long must each practitioner maintain records of their completed CPE credits?

• A)CPE credit information does not have to be retained by the Enrolled Agent since the qualifying organization provides the Office of Professional Responsibility a list of each participant that completed CPE credits.
• B)CPE credit information must be maintained for a period of three (3) years from the date they are completed.
• C)CPE credit information must be retained for a period of three (3) years following the date of renewal of enrollment
• D)CPE credit information must be retained for a period of one (1) year following the year they are completed.

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Definitions:

Excess Supply

A condition in the market where the quantity of a good or service supplied is greater than the quantity demanded at the current price.

Price Of Burritos

The amount of money required to purchase one unit of a burrito, determined by factors such as ingredients, preparation costs, and market demand.

Demand Shifts

Changes in consumer desire that lead to an increase or decrease in the quantity demanded at every price point.

Demand

The quantity of a good or service that consumers are willing and able to purchase at various prices within a given time period.