You Have Been Working with a Client for One Year

question 14

Multiple Choice

You have been working with a client for one year.Initially,the client used cocaine on an occasional basis but his use has escalated and is now clearly a problem.The only treatment program in the area is a Minnesota Model program and you do not believe in the disease concept.The ethical course of action would be:

• A)refer the client to someone who believes in the disease concept
• B)find out the nearest alternative program and tell the client the advantages and disadvantages of each in an objective manner
• C)keep trying to work with the client
• D)terminate the client

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Definitions:

LIFO

A method of inventory valuation called "Last-In, First-Out," where the most recently acquired items are the first to be expensed.

Tax Advantage

A tax advantage refers to the economic bonus that applies to certain investments or transactions that are favored by tax policy, allowing for a reduction in tax liabilities.

Lower of Cost

A principle that states inventory should be recorded at the lesser of its historical cost or the current market value, to ensure assets are not overstated.

IFRS

International Financial Reporting Standards, which are international accounting standards set by the International Accounting Standards Board to ensure transparency and comparability of financial statements worldwide.