When Thinking About Counselor Competence

question 10

Multiple Choice

When thinking about counselor competence

• A) One needs to consider the techniques to use
• B) One is safe with membership to a professional organization
• C) A counselor is competent once he passes the national board examination
• D) A counselor could consider supervision, but does not need to do so

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Definitions:

Erosion Costs

Costs that occur when a new project or investment negatively impacts the revenue or profits of existing projects or investments.

Financing Costs

Expenses incurred by a company or individual in the process of raising capital through debt or equity.

Erosion

In finance, it refers to the gradual decline of an asset's value, or the negative impact one investment can have on the value of an existing investment.

Incremental Cash Flows

The additional cash flow a company generates from undertaking a new project, considering only the revenues and costs directly caused by the project.