Confidentiality

question 11

Multiple Choice

Confidentiality

• A) Should be explained as part of informed consent
• B) Only needs to be talked about if information is going to be shared
• C) Can make the client feel uneasy
• D) Should be spoken about only if the client asks about it

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Definitions:

Impairment Rule

Financial accounting guidelines that require a firm to report a reduction in the value of its assets when they are deemed to be worth less than their carrying amount.

Net Operating Profit After Taxes (NOPAT)

NOPAT is a financial metric that calculates a company's theoretical income from operations after taxes, assuming it has no debt.

Interest Income

Income earned from the lending of funds or depositing funds in interest-bearing accounts.

Interest Expense

The cost incurred by an entity for borrowed funds, often recognized in financial statements as a non-operating expense.