Which of the Following Statements Is True of Liability to Third

question 22

Multiple Choice

Which of the following statements is true of liability to third persons?

• A) Contract law has been widely used by third persons suffering damages as a result of an accountant's breach in the absence of special circumstances.
• B) At common law, recovery by a creditor was not permitted on the theory that the creditor was a third-party beneficiary of the contract employing the accountant.
• C) Common law required showing that the accountant was aware that the audit was ordered to satisfy the demand of a creditor or prospective creditor.
• D) Historically, third-party suits against accountants were generally permitted by the privity doctrine.

Comprehend the concept and significance of syndromes in psychology.

Familiarize with prominent neuropsychological tests and their purposes.

Understand the concept of the glass ceiling and its impact on gender equality within organizations.

Comprehend the reasons behind increased workforce diversity in modern organizations.

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Definitions:

Promotion Focus

A motivational state where individuals are oriented towards achieving positive outcomes and aspirations.

Prototype/Willingness Model

A behavioral intention model that evaluates an individual's willingness to engage in a behavior based on their prototype or image of a person who performs that behavior.

Health Behavior

Actions taken by individuals that affect their health, including habits related to diet, exercise, sleep, and substance use.

Opportunistic Behavior

Actions taken by individuals or organizations to exploit circumstances to their advantage without regard for principles or consequences.