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

question 16

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.In this instance,what is the meaning of "ad hoc"?

• 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.

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Definitions:

Predictive Value

The extent to which a test or measure accurately predicts the outcome or presence of a trait, characteristic, or condition in the future.

Agreeableness

A personality trait characterized by being cooperative, friendly, and compassionate towards others.

Big Five Traits

A model outlining five broad dimensions that describe human personality: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Compete

To strive against others for the purpose of achieving a goal, winning a contest, or obtaining superiority.