Lawyers' Rules of Professional Conduct

question 88

Multiple Choice

Lawyers' rules of professional conduct

• A) are recommended guidelines only.
• B) will, if breached, automatically result in a lawyer facing criminal charges.
• C) establish professional and ethical obligations of lawyers.
• D) are established by the Canadian Bar Association.
• E) are generally not taken seriously by members of the legal profession.

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Definitions:

Real Wages

Wages adjusted for inflation, representing the purchasing power of the income received from work.

Human Capital

The combined abilities, expertise, and non-physical assets of people that can be leveraged to generate economic worth.

Future Earnings

Refers to the projected income or profits that an individual, company, or asset is expected to generate in the future.

Minimum Wage

The lowest legal hourly pay that employers can offer to workers, set by government legislation to protect employees from unduly low compensation.