Although Termed Certification by Many States, the Governmental Agency's Permission

question 37

Multiple Choice

Although termed certification by many states, the governmental agency's permission to engage in a profession actually constitutes:

• A) registration.
• B) licensure.
• C) authorization.
• D) reciprocity.

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Definitions:

Finance Charge

The total cost, including interest and other fees, associated with borrowing money or extending credit.

Previous Balance

The amount of money owed or available in an account before the latest transactions.

Cycle Closing

The process of concluding a billing or operational period at the end of a cycle.

Simple Interest

The fundamental interest calculation.