The Process of a CPA Obtaining a Certificate and License

question 39

Multiple Choice

The process of a CPA obtaining a certificate and license in a state other than the state in which the CPA's certificate was originally obtained is referred to as:

• A)substantial equivalency.
• B)quid pro quo.
• C)relicensing.
• D)re-examination.

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Definitions:

Coefficient Of Determination

A statistical measure, represented as R-squared, that shows the proportion of variance for a dependent variable that's predicted by an independent variable(s).

Correlation

A statistical measure that describes the extent to which two variables change together, but does not necessarily imply causation.

Coefficient Of Correlation

A measure that indicates the extent to which two variables change together, and the direction of their relationship, with a range from -1 to 1.

Coefficient Of Determination

A statistical measure that assesses the proportion of variance in a dependent variable predictable from an independent variable, often denoted as R².