Which of the Following Was an Accomplishment of the American

question 48

Multiple Choice

Which of the following was an accomplishment of the American Association of Public Accountants?

• A)The passage of a law in 1896 that created the professional designation of "Certified Public Accountant"
• B)The founding of The Journal of Accountancy in 1905
• C)The development of a list of terms and definitions in 1915
• D)All of the above

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Definitions:

Economic Growth

An increase in the amount of goods and services produced per head of the population over a period, reflecting improvements in the standard of living.

Scientific Method

A systematic process of observation, experimentation, and analysis used to advance knowledge in the sciences.

Economists

Professionals who study, develop, and apply theories and concepts from economics to analyze how societies use resources to produce and distribute goods and services.

Broad Generalizations

Sweeping statements or conclusions that apply to a large group of people or situations, often oversimplifying complex issues.