Describe four of the five attributes of a profession, and discuss the importance of each
(The answer should relate to the textbook chart or your discussion.)
A profession is an occupation, the practice of which is based upon an understanding of the theoretical makeup of some area of learning, accompanied by demonstrated abilities when applying this understanding.
Commonly accepted attributes of a profession:
• Knowledge — specialized knowledge needed to help achieve purpose.
• Competent application — usually some examination or internship to assure competence.
• Social responsibility — higher purpose to be achieved by practicing the occupation.
• Self-control — generally a group prepares and follows a code of ethics.
• Community sanction — general community belief that the effort is professional.
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Identify a true statement about culture.
A. Culture, in business and elsewhere, is considered static in nature. B. Attitude and behavior comprise the biggest fraction of the elements that determine culture. C. A firm's culture can be its sustaining value, offering it direction and stability during challenging times. D. The specific culture within an organization can be defined easily and objectively.
When using presentation software such as PowerPoint, each slide should support only one key idea
Indicate whether the statement is true or false.
Discuss mental impalpability and provide an example of a strategy in advertising used by a firm to overcome mental impalpability
What will be an ideal response?
Haupt Inc. manufacturers water pumps. Each pump requires $155 of raw materials and $315 of conversion costs. Each pump is sold for $725. Last month Haupt produced and sold 69 pumps. The journal entry to record cost of goods sold would include:
A. Credit to cost of goods sold of $50,025. B. Debit to sales of $50,025. C. Credit to sales of $32,430. D. Debit to cost of goods sold of $32,430. E. Debit to accounts receivable of $32,430.