If Technology Advances

question 107

Multiple Choice

If technology advances:

• A) GDP per capita declines.
• B) physical capital is less productive.
• C) workers can produce more with fixed amounts of physical and human capital.
• D) human capital is less useful.

Acknowledge the significance and consequences of certifications and opinions provided by professionals.

Comprehend the legal doctrines such as ostensible authority and negligent credentialing and their applications.

Recognize the legal protections afforded by privileges such as attorney-client privilege and doctor-patient privilege.

Understand statutory regulations, including the Securities Act of 1933, related to professional accountability and public protection.

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Definitions:

Stealth Marketing

A marketing strategy that advertises a product to people without them realizing they are being marketed to.

Ethical Lapse

A clearly unethical choice.

Transparency

The practice of being open, honest, and straightforward about various activities, ensuring accessibility of information to stakeholders.

Communicating Openly

The practice of sharing information, thoughts, and feelings in an honest and transparent way.