When a Third Party Is Involved

question 12

Multiple Choice

When a third party is involved

• A) The practitioner needs to inform the client if information will be disclosed
• B) The practitioner does not have to discuss informed consent
• C) The client has to participate in the helping relationship
• D) The helping relationship typically has no confidentiality issues

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Definitions:

Debit Balance

A financial statement condition where debits exceed the amount of credits in an account.

Unsecured Loan

A loan that doesn't require any collateral and is based primarily on the borrower's creditworthiness and ability to repay.

Beginning Inventory

The price of merchandise available for purchase at the commencement of a fiscal period.

Freight-in

The cost of shipping goods into a business, which is often included in the cost of inventory.