Which of the following is a characteristic of people who are referred to as professionals?
A) They have immunity from tort (specifically, malpractice) liability.
B) They are entitled to a minimum wage that is higher than the average.
C) They belong to a formal association or group that functions only through online communication.
D) They have a set of written ethical standards that is continually enforced by the group.
D
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Jayson Products uses a perpetual inventory system. At year-end, the Inventory account had a balance of $280,000, but a complete year-end physical inventory indicated goods on hand costing only $273,000. Jayson should:
A. Reduce its cost of goods sold by $7,000. B. Record a $7,000 current liability. C. Reduce the balance in its Inventory control account and inventory subsidiary ledger by $7,000. D. Reduce the balance in the Inventory control account and record a current liability, both in the amount of $7,000.
_____refers to a Chinese philosophy examining the relationship between subordinates and supervisors. It denotes friendship among unequals involving unlimited exchanges of favors
a. Guanxi b. Inwa c. Yangban d. Stratification e. Aesthetics