An Attorney Who Receives a Percentage of the Amount Recovered

question 39

Multiple Choice

An attorney who receives a percentage of the amount recovered in a personal injury lawsuit, but who receives no compensation whatsoever if the lawsuit is not won or settled in the client's favor, is utilizing what kind of fee arrangement?

• A) hourly rate
• B) retainer
• C) flat fee
• D) contingency fee

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Definitions:

Sick Leave

A paid or unpaid absence from work that an employee is allowed to take because of illness.

Vacation Allotments

The designated amounts of vacation time given to employees by an organization as part of their benefits package.

S.T.E.P. Approach

A strategic planning method focusing on scanning, targeting, evaluating, and proceeding to address organizational issues or opportunities.

Open-Book Management

A management approach where financial information is shared with employees to involve them in understanding how their actions affect the company's performance.