Rather Than Billing Clients by the Hour, a Group of Lawyers

question 90

Multiple Choice

Rather than billing clients by the hour, a group of lawyers and their clients agree on a fixed fee based on expected expenses plus a profit for the law firm.Which pricing method are they using?

• A)target pricing
• B)cost-plus pricing
• C)customary pricing
• D)experience curve pricing

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Definitions:

Retrieval

The process of accessing and bringing into consciousness information stored in memory.

Working Memory

A mental “workbench” where individuals manipulate and assemble information when making decisions, solving problems, and comprehending written and spoken language.

Attention

The cognitive process of selectively concentrating on one aspect of the environment while ignoring other things.

4- To 6-Year-Old Children

A developmental stage where children are typically entering early childhood, marked by rapid physical, cognitive, and social growth.