Changes in Ethical Codes and Legislation Since the 1970s Have

question 27

Multiple Choice

Changes in ethical codes and legislation since the 1970s have ______________ for clients to receive feedback regarding their assessment.

• A)made it more difficult.
• B)made it easier.
• C)not influenced how difficult it is.
• D)none of the above.

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Definitions:

Diagram

A simplified drawing showing the appearance, structure, or workings of something; a schematic representation.

Allocative Efficiency

A state of the economy in which production represents consumer preferences; every good or service is produced up to the point where the last unit provides a benefit to consumers equal to the cost of producing it.

Producer Surplus

The variance between the price producers are willing to take for a good or service and the price they end up receiving.

Consumer Surplus

The discrepancy between the price consumers are ready to offer for a good or service and the price they end up paying.