Ronald H Stein | Lying and Deception for Counselors and Clients

question 101

Multiple Choice

Ronald H. Stein | Lying and Deception for Counselors and Clients
Stein focuses on lies of omission as well as commission in the counselor-client relationship, widening the discussion of lying to the broader category of deceptive actions. He examines common justifications counselors may use for lying to clients, centered on doing so with their clients' best interests in mind. Following Bok's analysis of the harms done to the deceived, Stein concludes by applying her rules for considering deception to the counselor-client relationship.
-The most common reason given for lying, according to Stein, is

• A) preventing harm.
• B) performing an act of kindness.
• C) fear of punishment or embarrassment.
• D) achieving personal gain.

Analyze the effects of dividend policy adjustments on firm growth and investor income.

Evaluate the significance of the signaling effect in dividend announcements and stock repurchase decisions.

Recognize the importance of timing in purchasing stocks to receive dividends.

Understand the role of the IRS in the legitimacy of stock repurchases.

---

Definitions:

Implied Authority

Powers not expressly stated but assumed to be granted in order for an individual to carry out duties effectively.

Apparent Authority

A situation where a third party reasonably believes an individual has the authority to act on behalf of another (such as an employer), even if that person does not have actual authority.

Ratified

An agreement or decision that has been formally approved and confirmed by the required parties.

Actual Authority

The express and implied powers given by a principal to an agent to enter into contracts or take action on the principal's behalf.