While Performing Services for Their Clients,professionals Have Always Had a Duty

question 66

Multiple Choice

While performing services for their clients,professionals have always had a duty to provide a level of care that is

• A)reasonable.
• B)greater than average.
• C)superior.
• D)guaranteed to be free from error.

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Definitions:

Operating Assets

Assets that are used by a company in its day-to-day operations to generate revenues, such as buildings, machinery, and equipment.

Minimum Required Rate

The lowest return rate that a project or investment must yield to be considered viable or acceptable.

Net Operating Income

A financial metric that calculates a company's profit after operating expenses are subtracted from its operating income.

Operating Assets

Assets used by a business in its day-to-day operations to generate income, including property, plant, and equipment but excluding investments and non-operational assets.