According to Pavlko,which of the Following Are Characteristics of a Profession

question 18

Multiple Choice

According to Pavlko,which of the following are characteristics of a profession? Select all that apply.

• A)work has social value
• B)service to the public
• C)autonomy of decision making
• D)growing body of knowledge

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Definitions:

Monetary Outlay

The amount of money spent on a particular transaction or investment.

Implicit Costs

The opportunity costs that arise when a company uses internal resources without a direct payment.

Explicit Costs

Direct payment made to others in the course of running a business, such as wages, rent, and materials.

Accounting Profits

The net income of a company determined by subtracting total expenses from total revenues, according to generally accepted accounting principles.