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Not Possessing the Competence to Use the DSM-5 Appropriately Raises

question 27

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Not possessing the competence to use the DSM-5 appropriately raises an ethical issue.Practitioners who use the DSM diagnosis must be trained.This training requires learning more than diagnostic categories; it involves:

Understand and calculate days' sales in work in process inventory.
Understand and calculate work in process inventory based on given days' sales.
Understand the lean business model and its application beyond manufacturing.
Understand how days' payable outstanding is calculated and interpreted.

Definitions:

Intercompany Sales

Transactions involving the exchange of goods or services between subsidiaries of the same parent company.

After-Tax Dollar Value

The net value of an investment, income, or transaction after accounting for the effects of income taxes.

Realized Profits

The gains earned and received from the sale of assets or investments.

Tax Rate

The rate at which a person or company is taxed by the state.

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