_____________ Is a Serious Breach That Results in Harm to Clients

question 28

Multiple Choice

_____________ is a serious breach that results in harm to clients and is therefore unethical.

• A) A slippery slope
• B) A dual relationship
• C) A boundary violation
• D) A malpractice suit

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Definitions:

Competitive Firm

A business entity in a market where it must take the prevailing market price as given, due to its inability to influence prices through its own actions.

Market Price

The present cost at which a product or service is available for purchase or sale in the market.

Economic Profit

The difference between a firm's total revenue and its opportunity costs, including both explicit and implicit costs.

State Licensing Fee

A mandatory charge paid to a state government for the issuance of a license to conduct a particular business or profession within that state's jurisdiction.