An Enrolled Agent Is Subject to the AICPA's Code of Professional

question 18

Multiple Choice

An Enrolled Agent is subject to the AICPA's Code of Professional Conduct:

• A) Automatically
• B) Only if she also holds a state CPA license as well
• C) Only if she is granted membership in the AICPA
• D) Only if she performs auditing services as an employee or partner in a CPA firm that is an AICPA member

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Definitions:

Economy

The organized system of human activity involved in the production, consumption, and distribution of goods and services in a particular geographic or political area.

Economic Contraction

A decline in national output as measured by GDP, often marked by a decrease in spending, investment, and general economic activity.

Aggregate Supply

The total supply of goods and services that firms in an economy are willing and able to sell at a given overall price level in a given time period.

Aggregate Demand

The total demand for all goods and services within a particular market or economy at a given overall price level and in a given period.