Why Are Professional Associations So Concerned with Public Policy

question 36

Multiple Choice

Why are professional associations so concerned with public policy?

• A)Because the states provide their licenses and determine the requirements to become licensed
• B)Because the states award contracts based upon professional associations' lobbying strength and public image
• C)Because they want to make sure licensing requirements are as liberal as possible in order to increase their numbers and, therefore, their influence
• D)Because their number one priority is to shape public policy, which will make their professions more marketable to potential clients
• E)They aren't; professional associations do not involve themselves in government.

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Definitions:

Nominal Market Yield

The stated or face interest rate of a bond or other fixed-income security without adjusting for inflation.

Semi-Annually

Occurring or calculated twice a year, typically every six months.

Comparable Issues

Securities or financial instruments that are similar in terms of yield, maturity, credit quality, and other characteristics, used for benchmarking.

Yielding

In finance, referring to the income return on an investment, such as the interest or dividends received from holding a particular security.