How does the rule related to a lawyer’s obligation to former clients differ from the general conflicts of interest rule?
What will be an ideal response?
The former client conflict rule (1.9) allows the lawyer more leeway to continue the
representation by seeking the former client’s consent, whereas the general rule (1.7) leaves
less room for seeking client consent to continue the representation when a client conflict
arises.
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How could the Internet of Things benefit marketers?
What will be an ideal response?
As production workers become better organized and more familiar with equipment, the average cost per unit tends to decrease with the ________
A) increase in the diseconomies of scale B) accumulated production experience C) decrease in the economies of scale D) increase in derived demand E) increase in primary demand
Joe's Auto Company uses the accrual basis of accounting. Which situation violates the matching principle during 2012?
A) Sales commissions are charged to expense in 2012 on all sales revenue recognized in 2012 even though some of the commissions have not been paid. B) Insurance expense is recognized for the total cost of a 1-year policy purchased in May, 2012. C) Rent expenses are recognized as expenses in 2012 even though the last bill received in 2012 will not be paid until 2013. D) Sales commissions paid in 2012 for 2013 commissions are recorded as prepaid expenses for 2012.
All state regulatory laws are drafted by the federal government and then adopted by the state
Indicate whether the statement is true or false