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Which Statement Is Incorrect

question 86

Multiple Choice

Which statement is incorrect?

Identify the ethical standards related to competence, informed consent, and assessment in counseling.
Understand the principles of beneficence, nonmaleficence, justice, and autonomy in ethical counseling practice.
Recognize the legal and ethical obligations of counselors in the selection and administration of assessments.
Understand the significance of evaluating test norms and ensuring tests are appropriate for the client's demographic.

Definitions:

Pledging Accounts Receivable

The use of accounts receivable as collateral for a loan.

With Recourse

A term indicating that the seller of the receivable is liable if the debtor fails to pay the owed amount.

Fair Value Designation

The process of assessing the estimated market value of an asset or liability, based on current market conditions and not the historical cost.

IFRS Qualifying Criteria

Specific conditions and standards companies must meet to comply with International Financial Reporting Standards.

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