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Figure 11-5
-The consumers represented by Segment B in Figure 11-5 above are called
Penalties
Sanctions or punishments imposed for breaking a law, rule, or contract, which may include fines, imprisonment, or other forms of retribution.
Accountant-client Relationship
A professional connection between an accountant and their client, based on trust and confidentiality, to manage financial records and tax matters.
Negligence
The failure to exercise the care that a reasonably prudent person would exercise in similar circumstances, leading to harm or damage.
Professional Misconduct
Inappropriate or unethical behavior by a professional in their line of work, violating professional ethics or standards.
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