Michael D. Bayles | the Professional-Client Relationship

question 76

Multiple Choice

Michael D. Bayles | The Professional-Client Relationship
Bayles presents a number of ethical models relevant to the professional-client relationship, based on the proportion of authority and responsibility expected from each: agency, contract, friendship, paternalism, and fiduciary. He concludes with support for a model that gives the most freedom and authority to clients, given their knowledge of the situation, a contract between equals whenever possible, and a paternalistic model only for cases in which a client may be incompetent
-To the extent a professional neglects a client's values and interests, the client's ___________ is also sacrificed.

• A) accountability
• B) responsibility
• C) autonomy
• D) trustworthiness

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Definitions:

Net 30 Policy

A credit term indicating that payment is due in full 30 days after the invoice date.

Break-Even Level Of Sales

The amount of revenue from sales that is exactly sufficient to cover both fixed and variable costs, resulting in zero net profit or loss.

Variable Cost

A cost that varies directly with the level of production or sales volume.