Which of the Following Statements Is True of Characteristics of a Profession

question 28

Multiple Choice

Which of the following statements is true of characteristics of a profession?

• A) It enjoys a high level of public trust and confidence even though it is never legalized by a regulatory body.
• B) It is organized into associations and there are specific requirements for admission into such associations and maintenance of membership.
• C) There are published authoritative performance and ethical standards for a profession even though it is never legalized by a regulatory body.
• D) Violations of a profession's performance and ethical standards would always result in expulsion from membership.

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Definitions:

Paying Wages

The act of compensating employees for their labor, typically calculated by hours worked or tasks completed.

Office Equipment

Non-consumable items used in an office setting for administrative or operational purposes, such as computers, printers, and furniture.

Measurement (Cost) Principle

An accounting principle that states assets and liabilities should be recorded at their original cost and factually supported values.

Acquired Building

A building that has been purchased or obtained by a company or organization through purchase or other means of acquisition.