Business Law Unit 1

Jackson is a lawyer opening a new law office. While designing her advertisements, what will she need to avoid in order to adhere to the ethical rules outlined in the ABA Model Rules of Professional Ethics?

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  any false, misleading, or deceptive statements about her services

  
  

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  any cheesy images or pictures in her advertisements

  
  

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  placing her advertisements only in designated law publications

  
  

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  stating any specific prices that she charges for her services

  
  

A _____ statement identifies the company’s long-term goals, while a _____ statement summarizes the aims and values of a company organization.

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  personal; customer

  
  

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  mission; vision

  
  

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  customer; personal

  
  

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  vision; mission

  
  

When a company is just starting and growing, it may be easy to give individual customers personal attention, but a growing company must make a special effort to treat its _____ with care.

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  seasonal employees

  
  

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  larger customer base

  
  

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  specialty food critics

  
  

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  out-of-town visitors

  
  

Like lawyers, politicians are subject to similar constraints regarding conflicts of interest.

• True

• False

Anaih runs a small chain of bed and breakfasts (B&B). When she opened her first B&B years ago, she made the Golden Rule the foundation on which all of her business decisions and relationships are maintained. By adhering to this rule, what kind of reputation has Anaih likely built for her business over the years?

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  a goody-goody, stifling reputation

  
  

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  a mediocre, average reputation

  
  

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  a weak, negative reputation

  
  

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  a strong, positive reputation

  
  

Lawyers are generally allowed to convert client files to digital format but may need to keep paper copies of documents if they were provided by the client or if, by destroying the hard copy, the client's case may suffer.

• True

• False

What term best refers to an individual or business that takes action to influence the way a public official votes on a particular issue that could affect that business?

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  fraternizing

  
  

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  distributing

  
  

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  lobbying

  
  

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  advising

  
  

A _____ is an official rule that governs how people must act.

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  conundrum

  
  

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  service

  
  

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  dilemma

  
  

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  law

  
  

In the legal profession, what professional organization publishes a code of ethics that guides their professional work?

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  United Lawyers of America (ULA)

  
  

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  Legal and Ethical Committee (LAEC)

  
  

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  Lawyer Ethics Community (LEC)

  
  

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  American Bar Association (ABA)

  
  

Sheri works in the beauty industry and one of her biggest competitors recently suffered some significant bad press. How will her competitor's bad press likely impact Sheri and her business?

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  Her profits and business will instantly skyrocket.

  
  

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  She will likely suffer a loss of business due to their bad press.

  
  

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  She can take advantage of the bad press and use it to her company’s advantage.

  
  

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  It will have zero impact on her business.