Once a Client's File Is Closed, You

question 5

Multiple Choice

Once a client's file is closed, you

• A) no longer have a responsibility to maintain confidentiality.
• B) still have an obligation to maintain confidentiality.
• C) can talk about the file with family, but no one else.
• D) None of these choices is correct.

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Definitions:

Indirect Fixed Costs

Costs that are incurred for the benefit of more than one profit center.

Performance Report

A document or record that outlines the performance outcomes, efficiency, and effectiveness of efforts over a defined period.

Profit Center

A segment or division within an organization directly responsible for generating profit through its operations and activities.

Responsibility Accounting

An accounting system that measures the results of each responsibility center, allowing for more effective planning and control within an organization.