Doctors and Lawyers in Every State Need a License to Practice.This

question 103

Multiple Choice

Doctors and lawyers in every state need a license to practice.This is an example of

• A)consumer protection laws.
• B)consumer advocacy.
• C)occupational licensing.
• D)ownership of a key input.

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Definitions:

Internal Control Systems

Methods and systems adopted by an organization to maintain the accuracy of its financial and accounting records, ensure responsibility, and deter deceit.

Efficient Operations

Activities optimized to use the least amount of resources to achieve the desired level of output.

Protecting Assets

Implementing security measures to safeguard a company’s tangible and intangible assets from loss, theft, or damage.

Reliable Accounting

Accounting practices that are consistently accurate and trustworthy, providing a true and fair view of an organization's financial situation.