Groups Such as the American Bar Association (ABA), with a Membership

question 34

Multiple Choice

Groups such as the American Bar Association (ABA) , with a membership of lawyers and law students, and the American Medical Association (AMA) , an association of physicians, are known as ________________.

• A) professional lobbies
• B) labor groups
• C) public interest lobbies
• D) nonlobbying service organizations

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Definitions:

Residual Income

The income that an individual or company retains after all expenses and costs, including capital costs, have been deducted.

Investment Turnover

A measure of a company's efficiency in using its assets to generate sales or revenue, calculated by dividing total sales by average invested assets.

Profit Margins

A financial metric used to assess a company's financial health by revealing the proportion of money left over from revenues after accounting for the cost of goods sold.

Income From Operations

refers to the earnings generated from the normal business activities of a company, excluding any income derived from investments or incidental sources.