Which of the Following Are the Two Main Purposes of Professional

question 53

Multiple Choice

Which of the following are the two main purposes of professional licensing statutes?

• A)To give the government an avenue by which to regulate specific industries and to temper the effectiveness of free enterprise.
• B)To protect the public's health,safety,and welfare and to temper the effectiveness of free enterprise.
• C)To give the government an avenue by which to regulate specific industries and to tax professionals.
• D)To protect the public's health,safety,and welfare and to tax professionals.
• E)To give the government an avenue by which to regulate specific industries and to protect the public's health,safety,and welfare.

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Definitions:

Financing

The process of providing or securing funds necessary for a purchase, project, or investment.

Principal

The original amount of a debt or investment, exclusive of any interest or growth.

Principal

The main party involved in a financial transaction or agreement, such as the amount of money borrowed in a loan, or a primary actor in a contract.

Implied Warranty

A legal concept that guarantees that a product or service sold will perform as expected, even if not explicitly promised by the seller.