Ratings, Reviews, and Recommendations

question 35

Multiple Choice

Ratings, reviews, and recommendations

• A) Are always provided by businesses on their Web site.
• B) Are posted by experts.
• C) Are posted without compensation.
• D) Are an aspect of social shopping.
• E) Are not beneficial to the business

Recognize the role of privity of contract and the impact of third-party users on accountant's liability.

Understand the implications of securities laws (e.g., Securities Act of 1933, Securities Exchange Act of 1934) on accountants' responsibilities and liabilities.

Recognize the penalties and defenses applicable to accountants under common law and federal securities laws.

Differentiate between compensatory, punitive, and consequential damages in lawsuits against professionals.

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Definitions:

Rejection

The act of dismissing or refusing a proposal, idea, or individual.

Work Motivation

The set of internal and external forces that influence an individual's level of effort and persistence in facing work-related tasks.

Specific Goals

Clearly defined, measurable, and time-bound objectives that are designed to guide actions and measure progress.

Feedback

Information given to an individual or system about its performance, intended to guide future improvements or adjustments.