What is the attorney-client privilege? How is it different from the duty of confidentiality?
What will be an ideal response?
The attorney-client privilege comes from the discovery rules, not the ethics rules, and
concerns when client information can be turned over to the opposing party during the
discovery phase, or other phases of litigation. The ethics rule on confidentiality prohibits the
voluntary disclosure of client information, while the attorney-client privilege (from a statute,
most likely) prevents the forced disclosure of confidential communications.
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Generally accepted accounting principles provide specific guidelines for allocating expenses among departments
Indicate whether the statement is true or false
Having had no prior knowledge of the market for his product sweater, what approach did Jack McCarthy of Ugly Christmas Sweaters utilize when putting his product up for sale?
a. discovery approach b. finding approach c. exploration approach d. building approach
Coding is the application of reasoning to understand the data that have been gathered.
Answer the following statement true (T) or false (F)
Low dividends may increase stock value according to the
A) impact of agency costs. B) bird-in-the-hand theory. C) information effect. D) tax bias in favor of capital gains.