What Is an Important Function of Organizations Such as the American

question 48

Multiple Choice

What is an important function of organizations such as the American Psychological Association, the American Psychological Society, and the American Medical Association?

• A) They fund most of the treatment and prevention research done in the United States.
• B) They set and maintain professional and ethical standards.
• C) They draw up the policies that determine which clients get treatment and of what duration.
• D) They control forensic issues such as the insanity defense and the policies for committing patients against their will.

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Definitions:

Noncurrent Assets

Assets expected to provide economic benefits beyond one year or the normal operating cycle of the business, including property, plant, and equipment, as well as intangible assets.

Unrealized Gains

Increases in the value of an asset that has not been sold yet, thus not resulting in actual cash flow or taxable income until the asset is sold.

Trading Securities

Financial instruments such as stocks or bonds that a company holds with the intent of selling them in the short term to profit from price fluctuations.

Broker Commission

A fee paid to a broker for their services, usually a percentage of the transaction value.