Objectivity requires that a CPA should:

A. Maintain a mental attitude of intellectual honesty and impartiality
B. Maintain a mental attitude of intellectual honesty and independence
C. Act in accordance with the best interests of one's client
D. Act in accordance with the best interests of one's employer


Answer: A

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CERCLA is an act that:

a. Regulates current and future generation, transportation, and disposal of hazardous waste. b. Provides limited authority for the cleanup of inactive and abandoned hazardous waste sites. c. Requires the federal government to establish a National Contingency Plan. d. Both regulates current and future generation, transportation, and disposal of hazardous waste and also provides limited authority for the cleanup of inactive and abandoned hazardous waste sites.

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What advice should investors heed if markets are efficient?

A) You can earn abnormally large returns by frequently buying and selling whenever you obtain new information. B) The best-informed traders always beat the market. C) Mutual funds run by expert managers consistently outperform index funds. D) Random stock picks will perform as well as a series of hot stock tips over long periods of time. E) Fundamental analysis is superior to technical analysis.

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Clarisse's filing status is head of household. She has modified adjusted gross income of $29,000 and she made a $2,000 contribution to her IRA. What is the amount of her retirement savings contributions credit?

What will be an ideal response?

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According to expectancy theory, giving more valued rewards to employees with higher job performance mainly increases motivation by:

A.  strengthening the E-to-P expectancies of employees. B.  introducing a negative valence in the organization. C.  weakening the E-to-P expectancies of employees. D.  strengthening both the E-to-P and P-to-O expectancies of employees. E.  strengthening the P-to-O expectancies of employees.

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