A(n) Is a Bank or Escrow Account in Which One

question 62

Multiple Choice

A(n) is a bank or escrow account in which one party holds funds belonging to another party; it is a bank account into which funds advanced to a law firm by a client are deposited.

• A)Expense account
• B)Client account
• C)Law firm savings account
• D)Trust account

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Definitions:

Power Distance

A cultural dimension that describes the extent to which less powerful members of organizations and institutions accept and expect power to be distributed unequally.

Ethical Sensitivity

The capability to recognize and respond to ethical issues and dilemmas that arise in various situations.

MARS Model

A framework identifying four critical factors—Motivation, Ability, Role Perceptions, and Situational factors—that determine an individual's work performance.

Schwartz's Model

A theory of human values that identifies ten broad motivational types of values, showing how they are related and influence individual behavior.