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:

Real GDP

The measure of a country's economic output that has been adjusted for inflation, reflecting the true value of goods and services.

Keynesians

Economists and followers of the economic theories proposed by John Maynard Keynes, emphasizing the importance of total spending in the economy and government interventions to stabilize economic cycles.

Laissez-Faire Policies

Economic stance that opposes the overregulation or interference of the government in free market operations.

Monetary Restraint

A policy used by central banks to slow down economic growth by raising interest rates or reducing the supply of money.