Although the Ethics Codes of the Various Professional Organizations Have

question 5

Multiple Choice

Although the ethics codes of the various professional organizations have specific differences,some of the common themes include:

• A) being interested in the welfare of clients,avoiding harm and exploitation,and protecting client's confidentiality and privacy.
• B) practicing outside the scope of one's competence and utilizing mandatory ethics.
• C) avoiding discrimination of client ethnicity while providing minimal services.
• D) acting ethically responsible and focused on limiting professional sanctions.

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Definitions:

Limited Quantities

Refers to the restricted availability of goods or resources, which can affect pricing, demand, and supply conditions.

Opportunity Costs

The penalty of bypassing the next most advantageous option when a decision is made.

Small Business

A privately owned corporation, partnership, or sole proprietorship that has fewer employees and less annual revenue than a medium or large company.

Risk-Free

Refers to an investment that is considered to have no risk of financial loss.