Which of the Following Are Two Characteristics of a Profession

question 8

Multiple Choice

Which of the following are two characteristics of a profession?

• A) autonomy and lengthy education
• B) autonomy and service orientation
• C) public respect and service orientation
• D) union membership and specialized education

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Definitions:

Normal Profit Margin

The average amount by which a company's gross profits exceed its production costs, excluding any extraordinary items or windfalls.

Gross Profit to Cost

A financial ratio that measures the profitability of a company by comparing its gross profit to its total cost of goods sold.

Gross Profit to Sales

A financial ratio that determines the percentage of gross profit relative to sales revenue, indicating the efficiency of production and pricing.

Theoretical Assumptions

Foundational ideas or principles assumed to be true without immediate empirical testing, used as the basis for further theory development or analysis.