The Acts Discreditable Rule States That the Following Acts Are

question 6

Multiple Choice

The Acts Discreditable Rule states that the following acts are discreditable:

• A) An accountant's failure to file her own tax return by April 15, even if the accountant obtains a permitted extension of time from the taxing authority
• B) The late filing of a tax return for a partnership client that results in at least one of the client's partners incurring late filing penalties
• C) A CPA's nonpayment of taxes due and owed to a taxing authority
• D) A CPA firm's failure to file its partnership tax return, even if all of its partners individually have filed their tax returns on time

---

Definitions:

Market Testing

The process of evaluating a new product or service in a limited market before a wide-scale launch to gather insights and reduce risks.

Premarket Testing

Refers to the evaluation of new products or services before their official launch to identify potential market performance and consumer acceptance.

Product Development

is a comprehensive process of bringing a new product to the market, which includes conception, design, development, and marketing of new or improved goods or services.

Golf Ball

A small, dimpled ball designed specifically for the game of golf, optimized for distance, flight stability, and control.