How Clients View Their Situations and What They Perceive to Be

question 14

Multiple Choice

How clients view their situations and what they perceive to be problems are important factors in

• A)problem identification
• B)denial
• C)motivation
• D)referral

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Definitions:

Preferred Shares

Preferred shares represent ownership in a company with preferential rights to dividends and assets upon liquidation, compared to common shares.

Doctrine of Ultra Vires

A principle stating that actions taken by a corporation that are beyond its legal power or authority are invalid.

Duty of Loyalty

An obligation to act in the best interest of another party, typically in fiduciary relationships.

Corporate Opportunity

A legal doctrine that prohibits directors, officers, and controlling shareholders of a corporation from taking a business opportunity for themselves that rightfully belongs to the corporation.