Professional Misconduct or Negligence-The Failure to Exercise Due Care-On the Part

question 158

Multiple Choice

Professional misconduct or negligence-the failure to exercise due care-on the part of a professional, such as an attorney or a physician, is called

• A) disbarment.
• B) malpractice.
• C) suspension.
• D) damages.

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Definitions:

Profits

The financial gain realized when the revenue generated from business activities exceeds the expenses, costs, and taxes needed to sustain the operation.

Economic Rents

Earnings in excess of the minimum amount required to keep a resource in its current use, often due to scarcity or monopolistic control.

Accrue

The accumulation or increase of something over time, especially payments or benefits.

Changes in Rent

Variations in the lease price for rental properties due to factors like market demand, location, and quality of the property.