What is the difference between legal fees and costs? Why is it important that the distinction be made?
What will be an ideal response?
associated with the representation, and include filing fees, litigation expenses, travel costs,
and expert witness fees.
It is important that the distinction be made to the client because the client is usually
responsible for costs. However, the client might not realize that fact, particularly because
many tort lawyer ads say things like, “If we don’t recover for you, you don’t pay.”
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Activity-based responsibility accounting adds the consumer perspective to the financial-based responsibility accounting perspective
Indicate whether the statement is true or false
Which of the following is most likely a true statement regarding prospecting?
A) Personal observation is an unlikely prospecting technique. B) Cold call prospecting is a systematic approach to identifying prospects. C) The response rate for e-mails is high, so they are a valid source of prospects. D) A salesperson cannot afford to spend time calling on persons who are not legitimate prospects. E) Networking should be avoided as a source of prospects because it is unprofessional to mix business and friendship.
Good strategy execution requires which of the following?
A. strengthening the competitive environment arena outside the company's operating territory B. a universal business model to raise profits and lower costs C. a planned budget to protect the company's financial condition and eliminate wasteful use of cash D. passive pressures stemming from the dominance of outside market buyers E. putting those resources and capabilities into place, strengthening them as needed, and then modifying them as market conditions evolve
An ambiguity in a contract may constitute a mutual mistake of a material fact.
Answer the following statement true (T) or false (F)