The Name of a CPA Firm May

question 27

Multiple Choice

The name of a CPA firm may:

• A) Include the name of a founder who is retired, as long as he or she remains an active member of the AICPA
• B) Include the name of a founder who is deceased
• C) Not include the name of a CPA unless that CPA is a member in good standing of the AICPA
• D) May include the name of a non-CPA without needing to identify the non-CPA as being, in fact, a non-CPA

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Definitions:

Work Opportunity Act

Legislation aimed at increasing job opportunities and ensuring workforce development by providing funding and support for employment training and education programs.

Laffer Curve

An economic theory proposing there exists a tax rate at which government revenue is maximized, suggesting that both higher and lower tax rates can lead to decreased revenue.

Fiscal Policy

The use of government spending and tax policies to influence economic conditions, including economic growth, inflation, and unemployment.

Monetary Policy

A strategy by which a central bank controls the supply of money in an economy, often targeting interest rates to achieve economic stability or growth.