Which of the Following Will Be an Efficient Payment Scheme

question 2

Multiple Choice

Which of the following will be an efficient payment scheme for a defendant's attorney, who is experienced in handling similar cases in the past?

• A)Contingency fees
• B)Capitation fees
• C)Hourly billing
• D)Quality based billing

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Definitions:

Soft Rationing

The situation that occurs when units in a business are allocated a certain amount of financing for capital budgeting.

Hard Rationing

The situation that occurs when a business cannot raise financing for a project under any circumstances.

Hard Capital Rationing

A situation where a company is unable to secure additional funding from external sources like equity or debt markets.

NPV Projects

Projects evaluated using the Net Present Value method, which calculates the difference between the present value of cash inflows and outflows over a period.