Which of the Following Is an Example of a Familiarity

question 11

Multiple Choice

Which of the following is an example of a familiarity threat to independence?

• A) a bank account held with the client
• B) performing services for the client that are then assured
• C) both a and b
• D) a former partner of the assurance firm holding a senior position with the client

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Definitions:

Industrial Revolution

The period of major industrialization that took place during the late 1700s and early 1800s which transformed economies that had been based on agriculture and handicrafts into economies based on large-scale industry, mechanized manufacturing, and the factory system.

Productivity Growth

An increase in the efficiency of producing goods or services within an economy, often leading to more output for the same amount of inputs.

Raise Savings

Encouraging or implementing strategies to increase the amount of money that individuals or entities set aside for future use rather than spending immediately.

NIC

Newly Industrialized Country, referring to nations experiencing rapid economic growth and industrialization.