Similarities Exist Between Various Ideas About What Constitutes a Profession

question 12

Multiple Choice

Similarities exist between various ideas about what constitutes a profession.Which of the following is believed to be a characteristic of a profession?

• A) Members have autonomy.
• B) Members are trained on the job.
• C) Members are motivated primarily by financial reward.
• D) The group lacks a code of ethics.

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Definitions:

Overhead

All ongoing business expenses not directly attributable to creating a product or service.

Incremental Cost

The additional cost associated with manufacturing one more unit of production.

Direct Materials

Raw materials directly traced and assigned to the cost of producing goods or services.

Direct Labor

The wages paid to employees who are directly involved in producing goods or providing services.