Within the Context of Quality Control,the Primary Purpose of Continuing

question 37

Multiple Choice

Within the context of quality control,the primary purpose of continuing professional education and training activities is to enable a CPA firm to provide personnel within the firm with:

• A)Technical training that assures proficiency as an auditor.
• B)Professional education that is required in order to perform with due professional care.
• C)Knowledge required to fulfill assigned responsibilities and to progress within the firm.
• D)Knowledge required in order to perform a peer review.

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Definitions:

Market Segment

A subgroup of people or organizations sharing one or more characteristics that cause them to have similar product needs.

Strategic Group

A cluster of firms within an industry that follow a similar strategy or business model, competing on similar bases.

Cash Cow

A business unit, product line, or investment that generates consistently high profit margins and requires little investment to maintain.

Strategic Marketing Planning Process

A systematic approach to developing marketing strategies and plans that support the overall business goals and objectives.