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Business Law in Canada 12th Canadian Edition by Richard A. Yates Test bank

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Bloom's Taxonomy: Knowledge
45) If you believe that you have suffered a financial loss because of your lawyer's misconduct
A) you should wait as long as possible before you proceed.
B) you should have the matter reviewed by a taxation or assessment officer.
C) you may be compensated by the bar association at the end of their investigation.
D) you may need to seek legal advice from another lawyer.
E) you will automatically be awarded compensation by the provincial law society at the end of
their hearing.
Answer: D
Diff: 2 Type: MC Page Ref: 11
Topic: Ch. 1 - How to Complain About Your Lawyer
Skill: Applied
Objective: Chapter 1: 7. Outline the procedure to follow to complain about your lawyer.
Bloom's Taxonomy: Knowledge
17
© 2020 Pearson Canada Inc.
46) Lawyers' rules of professional conduct
A) are recommended guidelines only.
B) will, if breached, automatically result in a lawyer facing criminal charges.
C) establish professional and ethical obligations of lawyers.
D) are established by the Canadian Bar Association.
E) are generally not taken seriously by members of the legal profession.
Answer: C
Diff: 2 Type: MC Page Ref: 11
Topic: Ch. 1 - How to Complain About Your Lawyer
Skill: Recall
Objective: Chapter 1: 7. Outline the procedure to follow to complain about your lawyer.
Bloom's Taxonomy: Knowledge
47) Which of the following statements best describes the difference between law and ethics?
A) Ethics tells us what we must do; law tells us what we should do.
B) Law tells us what we must do; ethics tells us what we should do.
C) Law and ethics are interchangeable.
D) If people act unethically, they have broken the law.
E) People need not worry about acting legally, as long as they act ethically.
Answer: B
Diff: 1 Type: MC Page Ref: 12
Topic: Ch. 1 - Ethics
Skill: Recall
Objective: Chapter 1: 8. Discuss the ethics of lawyers and clients.
Bloom's Taxonomy: Knowledge
48) The Canadian "Code of Professional Conduct" for business people
A) establishes the professional and ethical obligations of businesspeople.
B) was created by the provincial business society.
C) has been used to prosecute a number of high-profile cases.
D) is the same as the lawyers' code of conduct.
E) does not exist.
Answer: E
Diff: 3 Type: MC Page Ref: 14
Topic: Ch. 1 - Ethics of Clients
Skill: Applied
Objective: Chapter 1: 8. Discuss the ethics of lawyers and clients.
Bloom's Taxonomy: Knowledge
18
© 2020 Pearson Canada Inc.
49) Sophisticated clients who are starting a business should
A) make a commitment to ethical behaviour and prepare a statement of values.
B) only concern themselves with ethical behaviour that is required by law.
C) consult a lawyer about how to engage in unethical behaviour undetected.
D) refrain from reporting illegal or unethical behaviour.
E) opt not to prepare a code of conduct because of potential liability exposure in the event of a
breach.
Answer: A
Diff: 1 Type: MC Page Ref: 17
Topic: Ch. 1 - Ethics of Clients
Skill: Recall
Objective: Chapter 1: 8. Discuss the ethics of lawyers and clients.
Bloom's Taxonomy: Knowledge
50) You can enhance the success of your business by
A) personally adopting core values and incorporating them into a code of conduct for the
business.
B) incorporating core values into a code of conduct, regardless of whether or not you adopt those
values personally.
C) relying on the Canadian Code of Professional Conduct for Businesspeople.
D) retaining a lawyer who is willing to engage in unethical conduct on your behalf.
E) not seeking legal advice in cases where your conduct may be questionable, as you will then be
bound by the lawyer's code of professional conduct.
Answer: A
Diff: 2 Type: MC Page Ref: 18
Topic: Ch. 1 - Code of Business Conduct
Skill: Recall
Objective: Chapter 1: 8. Discuss the ethics of lawyers and clients.
Bloom's Taxonomy: Knowledge
51) Which of the following does not represent a core ethical value identified by the Josephson
Institute for Ethics?
A) Respect
B) Fairness
C) Courage
D) Caring
E) Citizenship
Answer: C
Diff: 3 Type: MC Page Ref: 18
Topic: Ch. 1 - Code of Business Conduct
Skill: Applied
Objective: Chapter 1: 8. Discuss the ethics of lawyers and clients.
Bloom's Taxonomy: Knowledge
19
© 2020 Pearson Canada Inc.
52) According to the Josephson Institute for Ethics, the core ethical value of trustworthiness has
as its supporting ethical principles
A) respect, autonomy, courtesy, self-determination.
B) justice, fairness, impartiality, equity.

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