The Guidelines for Multicultural Proficiency Focus on

question 30

Multiple Choice

The Guidelines for Multicultural Proficiency focus on

• A) awareness, knowledge, skills, and action required for all practice, research, and training.
• B) ethical statements for effective multicultural work.
• C) an adopted set of absolute rules for counselors and psychologists.
• D) culturally specific treatment methods.

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Definitions:

Investment

The act of allocating resources, typically money, with the expectation of generating an income or profit.

Opportunity Cost of Capital

The return foregone by investing in a project instead of in comparable financial assets with similar risk.

Net Present Value

Net Present Value (NPV) is a financial metric that calculates the present value of all future cash flows (positive and negative) expected from an investment, adjusted for time and interest.

Profits

The financial gain achieved when the revenues from business activities exceed the expenses, costs, and taxes involved in sustaining the activity.