Minimum Ethical Standards for Practice Include

question 60

Multiple Choice

 Minimum ethical standards for practice include:

• A) selecting procedures that are in the best interest of the parent.
• B) making sure involuntary client participation occurs.
• C) protecting the confidentiality of the therapeutic relationship.
• D) ensuring parent participation.

Distinguish between the focus areas of ethics audits and social reports.

Appreciate the importance and methods of securing stakeholder input during an ethics audit.

Know the escalation phases during an ethical disaster and the concept of shared values in successful management.

Know the importance and frequency of conducting ethics audits within organizations.

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Definitions:

Amortize Discount

The process of gradually reducing the discount on a bond over the life of the bond.

Bonds Payable

Bonds payable refers to the long-term debt a company owes to bondholders, representing the amount that is due to be paid back at the bond's maturity date along with periodic interest payments.

Straight-Line Method

A depreciation method that allocates an equal amount of the asset's cost to each accounting period of its useful life.

Effective-Interest Method

A technique of calculating the amortized cost of a bond and the amount of interest expense over its life, correcting for any differences between the issue price and the redemption value.