Question

Which one of the following is an attribute that represents the accounting profession under the market control view?

A. Service ideal
B. The well-being of society
C. Enlightened self-interest
D. Membership exclusivity

Answer 1

The correct option will be option (d) Membership exclusivity. It is because this attribute is part of the market control view of the accounting profession rather than the traditional view. Option (a) is is not correct because the service ideal means the attribute of the accountant's duty to serve the public interest in carrying out their role. This is a traditional attribute of the accounting profession. Option (b) is not correct because the well being of society is part of the attribute of service to the community being one of the traditional attributes of the accounting profession. Option (c) is also not correct because it is not a market control view of the accounting profession.