Which of the Following Statements Concerning the Ultramares Corp

question 50

Multiple Choice

Which of the following statements concerning the Ultramares Corp.v.Touche case is not true?

• A)This case was brought under common law liability.
• B)This case provided a test to determine whether a third party qualified as a primary beneficiary and could bring suit for ordinary negligence.
• C)This case established the rights of third parties to bring suits against auditors under common law liability.
• D)This case concluded that auditors' liability to third parties would be generally limited to gross negligence or fraud.

---

Definitions:

Collective Intelligence

The shared or group intelligence that emerges from the collaboration, collective efforts, and competition of many individuals.

Distributed Leadership

A leadership approach where control and decision-making are shared among an expansive group of people, rather than centralized in a single leader.

Nominal Group Technique

Involves structured rules for generating and prioritizing ideas.

Proxemics

The study of human spatial requirements and the effects of population density on behavior, communication, and social interaction.