John Recently Received His CPA License and Plans to Run

question 14

Multiple Choice

John recently received his CPA license and plans to run a small tax consulting business, so he just put up a website.What advantage does his business have over larger competitors?

• A)It has greater access to capital.
• B)It has superior distribution.
• C)It has more access to young talent.
• D)It can change direction quicker.
• E)It has well-defined bureaucratic systems.

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Definitions:

Intellectual Property

Refers to creations of the mind, such as inventions; literary and artistic works; designs; and symbols, names, and images used in commerce.

Caveat Emptor

A Latin phrase meaning "let the buyer beware," implying that the buyer assumes the risk for the quality and condition of goods purchased, especially without a warranty.

Legal Concept

A principle or framework of laws that is recognized and enforced by a legal system.

Unauthorized Use

The use of a product, service, or information without permission or in violation of its intended use or laws.