The Defense Attorney in a Criminal Case Has an Ethical

question 12

Multiple Choice

The defense attorney in a criminal case has an ethical duty to:

• A)refuse to take a case to trial unless he/she believes the defendant is not guilty.
• B)disclose to the court any controlling legal authorities on point even though they are adverse to the position of his/her client.
• C)maintain the confidentiality of the attorney-client privilege under all circumstances.
• D)all of these

Recognize the concept and significance of the invisible hand in market economies.

Understand the definition and components of costs in economic production.

Identify the historical economic strategies of nations such as the Soviet Union and pre-reform China and their impacts.

Grasp the importance of property rights in an economic system.

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Definitions:

Noncash Expenses

Expenses recorded on an income statement that do not involve actual cash flow, such as depreciation or amortization.

Opportunity Cost

The cost of foregoing the next best alternative when making a decision, representing the benefits one could have received by taking a different decision.

Opportunity Cost

The economic consequence of not opting for the immediate secondary option when a decision is made.

Salvage Value

An approximation of an asset's value at the conclusion of its effective lifespan.