What Is the Chief Difference Between Licensing and Accreditation

question 15

Multiple Choice

What is the chief difference between licensing and accreditation?

• A)Accreditation is required,while licensing is optional.
• B)Centers with only a few children can be licensed,while one with many more children has to be accredited.
• C)Accreditation has higher standards than licensing.
• D)These are two words for the same process.

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Definitions:

Tech Support Department

A specialized unit within a company that provides technical assistance and support related to computer systems, software, and hardware to customers or employees.

Cost Per Minute

A metric used to calculate the expense incurred for every minute of operation, often in manufacturing or services.

Customer Cost Analysis

The process of analyzing and evaluating the costs associated with acquiring and retaining customers, often used to inform pricing and marketing strategies.

Time-Driven Activity-Based Costing

A costing method that assigns costs to products or services based on the actual amount of time they consume, using an hourly cost rate.