Examlex

Solved

The Fundamental Ethical Principles That Apply to All Members of the Professional

question 21

True/False

The fundamental ethical principles that apply to all members of the professional bodies are to act with integrity,objectivity,professional competence and due care,confidentiality and professional behaviour.


Definitions:

Kilowatt Hours

A unit of energy equivalent to one kilowatt of power expended for one hour, commonly used to measure electricity consumption.

Hourly Fee

A billing method where a service provider charges based on the number of hours worked.

Flat Fee

A charged price for a service that does not vary with usage or time.

Overhead

All manufacturing costs that cannot be directly traced to a product. Overhead includes indirect labor and materials, plant depreciation, insurance and property taxes, plant management salaries, and so forth. See Indirect Cost Pool.

Related Questions