Features That Distinguish Professions from Other Types of Occupations Include

question 147

Multiple Choice

Features that distinguish professions from other types of occupations include which of the following?

• A) Indirect regulation
• B) Self-regulation
• C) Nonregulation
• D) Indirect regulation and nonregulation

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Definitions:

Job Order Production

A production system where products are manufactured based on specific orders rather than mass production.

Mass Production

The large-scale manufacturing of goods using standardized designs and assembly-line techniques to achieve greater efficiency.

Customized Production

A manufacturing process in which products are designed and produced to meet specific customer requirements.

Target Cost

A pricing strategy that involves determining the desired cost for a product in order to meet a specified profit margin by working backwards from a competitive market price.