Rule 201 - General Standards Requires Members to Comply with Certain

question 9

Multiple Choice

Rule 201 - General Standards requires members to comply with certain standards and interpretations.Which of the following is not a standard specifically addressed in Rule 201?

• A)Professional integrity
• B)Due professional care
• C)Planning and supervision
• D)Sufficient relevant data

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Definitions:

Management Levels

The different tiers of management within an organization, typically including top-level, middle-level, and lower-level management, each with specific responsibilities.

Decentralization

The distribution of decision-making powers away from a central authority to lower levels in an organization.

Franchise

The right or license granted to an individual or group to market a company’s goods or services.

License

A legal authorization allowing an individual or entity to use a piece of property or engage in a particular activity or business.