What Is the BEST Definition of the Scientist/practitioner Model

question 68

Multiple Choice

What is the BEST definition of the scientist/practitioner model?

• A)Practitioners must be educated by someone who is a scientist.
• B)Scientists must be educated by someone who is a practitioner.
• C)Scholars should understand both theory and application in their area.
• D)Effective scientists will have spent a fair amount of time working as practitioners.

---

Definitions:

Equity Method

A method of accounting in which an investor records its investment in another entity at original cost and subsequently adjusts this amount for its share of the profits or losses of the investee.

Deferred Losses

Losses that have been recognized in the financial statements but are not yet realized through actual transaction, to be recognized in future periods.

Net Operating Losses

Financial losses that occur when a company's allowable deductions exceed its taxable income, which can be carried over to reduce future taxable income.

Intra-entity Gross Profit

Profits recognized from transactions that occur within the same company, not yet realized by the external market.