After Several Interviews and Calls to Follow Up on References,Fashion

question 44

Multiple Choice

After several interviews and calls to follow up on references,Fashion By Design Inc.has chosen a seasoned lawyer from a well-known commercial law firm to provide legal services to the company.What was the object of having the company's management expend substantial effort into 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:

Utilitarian Approach

An ethical philosophy suggesting that the best action is the one that maximizes utility, often defined as maximizing happiness and reducing suffering.

Stakeholder Approach

A business strategy that considers the interests and impacts of all stakeholders, including shareholders, employees, customers, and the community.

Business Problem

a challenge or issue faced by a company that demands resolution for operational or strategic success.

Easy Answer

A solution or explanation that is readily available and does not require much thought or effort to understand or implement.