After Several Interviews and Calls to Follow Up on References,Fashion

question 55

Multiple Choice

After several interviews and calls to follow up on references,Fashion By Design Inc.chooses a seasoned lawyer from a well-known commercial law firm to provide legal services to the company.Why does the company's management expend substantial effort during the lawyer selection?

• A) to reduce stress level put on in-house counsel
• B) to establish a productive,long-term relationship
• C) to allow the risk to remain outside the business
• D) to delegate risk management to outside source

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Definitions:

Federal Reserve System

The primary financial institution in the United States tasked with managing monetary policy, overseeing financial organizations, and ensuring the financial system remains stable.

Banks

Financial institutions that accept deposits, offer loans, and provide other financial services.

Financial Institutions

Organizations that provide financial services, such as banks, insurance companies, and stock exchanges.

Open Market Operations

The buying and selling of government securities by a central bank as a means of controlling the money supply and influencing interest rates.