Which Component of U

question 189

Multiple Choice

Which component of U.S.household spending has grown the most over the past ten years?

• A)taxes
• B)savings
• C)spending on services
• D)spending on nondurable goods
• E)spending on durable goods

---

Definitions:

Professional Conduct

The standards of behavior and ethical practices expected of individuals in a professional context.

Fraud

Fraud is a deliberate deception to secure unfair or unlawful gain, or to deprive a victim of a legal right.

Standard of Care

The degree of attention, caution, and prudence that a reasonable person in a particular situation would reasonably be expected to exercise.

Auditing Standards

The set of guidelines and criteria established for auditors to follow when conducting financial audits.