Rather Than Billing Clients by the Hour, Some Lawyers and Their

question 277

Multiple Choice

Rather than billing clients by the hour, some lawyers and their clients agree on a fixed fee oriented on expected costs 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
• E)bundle pricing

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Definitions:

Carpels

The female reproductive organs of a flower, consisting of an ovary, a stigma, and usually a style, which can develop into fruits and seeds after fertilization.

XIST Gene

A gene that is crucial for X-chromosome inactivation, a process that occurs in females to prevent the overexpression of X-linked genes.

Barr Body

A Barr Body is an inactivated X chromosome found in the cell nuclei of female mammals, visible as a dense mass.

Lac Operon

A group of genes with a single promoter that are involved in the transport and metabolism of lactose in bacteria and regulated together.