Which of the Following Statements Describes the Standard Expected of Experts

question 60

Multiple Choice

Which of the following statements describes the standard expected of experts?

• A) Require skills and abilities expected of an average person.
• B) Must exercise skill with degree of care expected from a reasonable person in that profession.
• C) Inexperience excuses incompetence.
• D) Common practice always sets the appropriate standard.
• E) The standard of an expert need be perfection.

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Definitions:

Specialize And Trade

A concept in economics where individuals or nations focus on the production of a limited range of goods at which they are most efficient, and then trade with others to meet their diverse needs and wants.

Import

The act of bringing goods or services into one country from another for the purpose of sale.

Compasses

Instruments used for navigation and orientation that show direction relative to the geographic cardinal directions (North, South, East, and West).

Absolute Advantage

The ability of an individual, company, or country to produce a good or service more efficiently than others with the same resources.