Norman Is an Accountant

question 72

Multiple Choice

Norman is an accountant. Norman's violation of generally accepted accounting principles and generally accepted auditing standards​

• A) ​does not indicate that Norman was negligent.
• B) ​is prima facie evidence that Norman was negligent.
• C) ​precludes Norman from raising any defense against a negligence claim.
• D) ​is embarrassing but will never subject Norman to liability.

---

Definitions:

Apple Pickers

Refers to laborers who are employed in the agricultural sector for the purpose of harvesting apples from orchards.

Demand Curve

A graph showing the relationship between the price of a good and the quantity of that good consumers are willing to buy.

Capital Market

The capital market is a financial market where long-term debt or equity-backed securities are bought and sold, providing businesses and governments with a platform to raise funds for long-term investments.

Marginal Productivity

The additional output that is produced by utilizing one more unit of a variable input, holding all other inputs constant.