The "Highest" Level of a CPA Firm Hierarchy Is

question 14

Multiple Choice

The "highest" level of a CPA firm hierarchy is:

• A) The shareholders.
• B) The partners.
• C) The managers.
• D) Both a and b

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Definitions:

Agent

An individual authorized to act on behalf of another party, known as the principal, in dealings with third parties.

Doctrine Of Respondeat Superior

This legal principle holds an employer or principal legally responsible for the wrongful acts of an employee or agent, performed within the scope of employment or agency.

Tortious Behavior

Actions that cause harm or loss to another person, leading to civil legal liability.

Landlord

An owner of property who rents it out to another party, known as a tenant, under an agreement.