A Conflict of Interest

question 21

Multiple Choice

A conflict of interest:

• A)Arises when representing one client injures the interests of another client
• B)Arises when an attorney charges too much for his services
• C)Arises when an attorney takes on too many clients
• D)Is a social problem

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Definitions:

Demand

The desire of purchasers, consumers, or clients for a particular good or service combined with the ability and readiness to pay for it.

Demand Schedule

A table or graph that displays the quantity of a good or service demanded at various prices.

Total Revenue

The aggregate revenue a corporation generates from the sale of goods or provision of services in a designated period.

Marginal Revenue

The extra revenue obtained by selling an additional unit of a product or service.