Independence Is Required When Performing A)Option a
B)Option B
C)Option C
D)Option D

question 21

Multiple Choice

Independence is required when performing: $$\begin{array} { c } &\text { Attest Services } & \text {Assurance Services }\\\text { A) } & \text { Yes } & \text { Yes } \\\text { B) } & \text { Yes } & \text { No } \\\text { C) } & \text { No } & \text { Yes } \\\text { D) } & \text { No } & \text { No }\end{array}$$

• A)Option A
• B)Option B
• C)Option C
• D)Option D

---

Definitions:

Utility Function

A mathematical representation of a consumer’s preference ordering over a choice set, used to describe how consumers allocate their income to maximize their satisfaction.

Risk Neutral

An attitude or preference indicating indifference between choices with uncertain outcomes, focusing instead on the expected values.

Risk Averse

A characteristic of preferring to avoid risk, inclining towards guaranteed outcomes over potentially higher-yielding but uncertain ones.

Income

The accumulation of funds, characteristically on a habitual basis, through work or investing.