Valdyn,Jacob,and Bob Have Just Finished a Review of Their Business's

question 21

Multiple Choice

Valdyn,Jacob,and Bob have just finished a review of their business's legal expenses for the past year.While there has been an increase,it hasn't been substantial enough to warrant changing their ad hoc retainer relationships with either Sheps & Shaps LLP or Dunn & Wright LLP.What is the meaning of "ad hoc" in this instance?

• A) The professional responsibilities of each firm are identical.
• B) The firms receive annual retainers.
• C) The relationships are regularly reviewed for cost effectiveness.
• D) The firms are hired on a project basis rather than as permanent employees.

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Definitions:

Time Management

Utilizing time in an effective manner to accomplish the desired results.

Personal Stress

Emotionally charged response to challenging or demanding circumstances, unique to individuals.

Work Overload

A situation where an individual or group has more work than they can manage in a given time frame.

Work Ethic

A set of values of hard work held by employees.