If a CPA Refuses a Client Because There Would Be

question 76

Multiple Choice

If a CPA refuses a client because there would be a potential violation of the AICPA Code of Professional Conduct,the CPA is following the ethical philosophy of the

• A) Imperative principle.
• B) Utilitarianism principle.
• C) Generalization principle.
• D) Moral principle.

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Definitions:

Revenue

The income that a business receives from its normal business activities, usually from the sale of goods and services to customers.

Costs Of Production

The total expenses incurred in manufacturing a product or delivering a service.

Venture Capital Funds

Pools of capital that are used to invest in high-growth, high-potential startup companies in exchange for equity stakes.

Risk

The possibility of loss or adverse outcomes resulting from external events or actions.