In most countries,a national accounting profession controls access to the profession while legislation prevents anyone other than its members from auditing public corporations.These conditions increase the accounting profession's power through which of the following?
A)Visibility
B)Nonsubstitutability
C)Centrality
D)Discretion
E)Referent power

Question

Quizplus · Accepted Answer

Nonsubstitutability refers to the ability of the profession to limit competition by establishing restrictions on who can perform certain services, such as auditing public corporations. By controlling access to the profession and having legislation in place to prevent non-members from performing these services, the accounting profession has increased its nonsubstitutability, which in turn increases its power. Visibility, centrality, discretion, and referent power may also be sources of power for the accounting profession, but they are not as directly related to the conditions described in the question.

In Most Countries,a National Accounting Profession Controls Access to the Profession