A Professional Association Enjoys a High Level of Public Trust

question 50

True/False

A professional association enjoys a high level of public trust and confidence even though it can never be legalized.

---

Definitions:

Rising Prices

A situation in which the general level of prices for goods and services in an economy increases over a period of time.

Market Cost

The current price at which goods, assets, or services can be bought or sold in the marketplace.

Perpetual Inventory System

An inventory accounting method where updates are made continuously to record sales and purchases in real time.

Ethics Investigation

A formal inquiry to determine whether standards of professional conduct have been violated.