The U.S.distribution System Is

question 211

Multiple Choice

The U.S.distribution system is

• A)identical to that of the former Soviet Union.
• B)based on a pure socialist economy.
• C)determined by a modified version of one dollar,one vote.
• D)similar to the fascist 1930's Germany.

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Definitions:

Public Accountant

A certified professional who performs accounting services, such as audits and financial analysis, for the public.

Certified Public Accountant

A professionally accredited accountant who has met specific state qualifications and passed a national exam.

Foreseeable Plaintiff

A person who is readily identifiable as likely to be harmed by the defendant's conduct, thus owed a duty of care in negligence law.

Qualified Opinion

An opinion issued by an auditor saying that, as of a given date, the books of a firm represent its financial health; however, the auditor may qualify the opinion either because the firm is facing some uncertainty that might affect the company in the future or because the firm has deviated from generally accepted accounting principles (GAAP) in some minor way.