Which of the Following Is a Benefit of Program Accreditation

question 21

Multiple Choice

Which of the following is a benefit of program accreditation?

• A) Graduates of such a program receive waivers of some of the requirements needed for credentialing.
• B) Only accredited programs allow their students to go on to get licensed.
• C) Only programs that are accredited qualify for both state and federal subsidies.
• D) Faculty members who teach in accredited programs usually have better job security.

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Definitions:

Debts Of Entity

Financial obligations that a company or individual owes to external parties or creditors.

Monetary Unit Assumption

An accounting principle that assumes money is the common denominator of economic activity and provides an appropriate basis for accounting measurement and analysis.

GAAP

Stands for Generally Accepted Accounting Principles; these are a common set of accounting principles, standards, and procedures that companies must follow when they compile their financial statements.

Corporation

A legal entity owned by shareholders, recognized as a separate entity from its owners, with rights and liabilities distinct from those of its members.