In a Common Law Action Against an Accountant,lack of Privity

question 54

Multiple Choice

In a common law action against an accountant,lack of privity is a viable defense if the plaintiff:

• A)Is the client's creditor who sues the accountant for negligence.
• B)Can prove the presence of gross negligence that amounts to a reckless disregard for the truth.
• C)Is the accountant's client.
• D)Bases the action upon fraud.

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Definitions:

Brand Awareness

How well consumers recognize and understand a brand's characteristics or profile.

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The process of creating curiosity and enthusiasm among potential customers or stakeholders about a product, service, or idea.

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A promotional method involving direct interaction between a sales representative and a prospective buyer to influence the buyer's purchase decision.

Imc Budget

The allocation of financial resources to integrated marketing communication activities, aimed at creating and maintaining effective relationships with target audiences through a consistent brand message.