Four of the Six Ethical Principles in the AICPA's Code

question 75

Multiple Choice

Four of the six Ethical Principles in the AICPA's Code of Professional Conduct are equally applicable to all members of the AICPA. Which of the following principles applies only to members in public practice?

• A) Scope and Nature of Services
• B) Integrity
• C) Due Care
• D) The Public Interest

Understand the basic requirements and components of a valid e-contract.

Identify the elements that make an offer effective or not.

Recognize the implications of unauthorized methods of acceptance on the validity of an offer.

Understand the concept of counteroffer and its impact on the original offer and offeror.

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Definitions:

Reinforcement

In behavioral psychology, it refers to any stimulus which strengthens or increases the probability of a specific response or behavior.

Thorndike

A psychologist known for his work on learning theory that led to the development of operant conditioning within behaviorism.

Puzzle Boxes

A method used in experiments, particularly with animals, to study learning and problem-solving by placing them in boxes from which they must escape by solving a puzzle or performing a specific action.

Thorndike

Edward Thorndike was an American psychologist known for his work on the law of effect and animal learning through trial and error.