Listed below are definitions of the six Principles of Professional Conduct. For each, identify the principle being defined.
a. A member should observe the profession's technical and ethical standards, strive continually to improve competence and the quality of services, and discharge professional responsibility to the best of the member's ability.
b. Members should exercise sensitive professional and moral judgments in all their activities.
c. A member should be free of conflicts of interest in discharging professional responsibilities.
d. A member in public practice should observe the Principles of the Code of Professional Conduct in determining the type and extent of services to be provided.
e. Members should accept the obligation to act in a way that will honor the public trust and demonstrate commitment to professionalism.
f. To maintain and broaden public confidence, members should perform all professional responsibilities with the highest sense of _____________.
a. Due care.
b. Responsibilities.
c. Objectivity and Independence.
d. Scope and nature of services.
e. Public interest.
f. Integrity
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Price-setting logic must be modified when the product is part of a product mix. In that case, the firm searches for a set of prices that ________ profits on the total mix
A) are ineffective on total B) have no effect on total C) maximizes D) minimizes E) capitalize upon
Which of the following dimensions of job characteristics theory is the degree to which the job is seen as having an impact on others?
A. skill variety B. task identity C. task significance D. autonomy
The Taft-Hartley Act of 1947 permits states to enact right-to-work laws under which employees represented by a union should be compelled to join the union and to pay dues as a condition of continued employment.
Answer the following statement true (T) or false (F)
Assembly or production of finished products, producing the right amount of product, and ensuring that finished products meet specific quality, cost, and customer service requirements are all important issues that are most closely related to:
a. Purchasing b. Operations c. Integration d. Distribution