The Increase in Free-Standing Professional Schools of Psychology Has Resulted

question 10

Multiple Choice

The increase in free-standing professional schools of psychology has resulted in:

• A)an increased number of qualified psychologists.
• B)concern about an increasing number of poorly trained psychologists.
• C)a change in legislation which allows clinical psychologists to prescribe medications.
• D)changes in licensing requirements for psychologists.

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Definitions:

Machine Hours

A measure of the time a machine is in operation, used in cost accounting to allocate machine costs to products.

Overhead Applied

The allocation of estimated overhead costs to specific jobs or production units during an accounting period.

Direct Labor Cost

The wages and related benefits of employees who are directly involved in the production of goods or services.

Manufacturing Overhead

All indirect costs associated with the production of goods, such as utilities and salaries for non-direct labor.