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Marsha Feels Like It Is Very Important to Have a Sliding

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Marsha feels like it is very important to have a sliding scale for her fees in her practice as a clinical psychologist. She believes this is necessary to be fair to others and make sure people of different income levels have access to the mental health services she can provide. Marsha's emphasis on fairness in her fee schedule supports which ethical principle?


Definitions:

Unearned Revenues

Money received by a business for services or goods not yet delivered or rendered to the customer.

Profit Margin

A financial metric that measures the amount by which revenue from sales exceeds costs in a business, expressed as a percentage of revenue.

Periodic Reporting

The process of preparing and presenting financial statements at regular intervals, typically quarterly or annually.

Time Period Assumption

An accounting principle that allows the business activities to be divided into artificial time periods for financial reporting.

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