Page | 1
MGMT 480 - CHAPTER 1 - MANAGING YOUR
LEGAL AFFAIRS EXAM 2026 LATEST
QUESTIONS AND ANSWERS| ACE YOUR
GRADES.
What is a retainer? - correct answer -a deposit paid by client to
lawyer before lawyer commences work on behalf of the client (like
a deposit)
The provision of legal services to persons in financial need is/are
_______________ - correct answer -legal aid
When you can't afford a lawyer, you may ask for... - correct
answer -legal aid
T or f: the law societies do not assist clients with complaints about
the fees being charged by their lawyers - correct answer -true
For complaints regarding a lawyer's conduct other than fee
disputes, who deals with these issues? - correct answer -
provincial law society
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A system of moral principles governing the appropriate conduct
for an individual or a group is known as... - correct answer -ethics
What is a code of business conduct? - correct answer -a formal
statement adopted by a company that sets out its values and
standard of business practices
What 6 things should be included in a code of conduct? - correct
answer -1. Conflicts of interest
2. Protection and proper use of corporate assets
3. Confidentiality of corp info
4. Fair dealing with issuer's security holders, customers,
suppliers, competitors, and employees
5. Compliance with laws, rules and regulations
6. Reporting of unethical behaviour
What 2 things keep the ethics of lawyers in place? - correct
answer -code of professional conduct and law society
MGMT 480 - CHAPTER 1 - MANAGING YOUR
LEGAL AFFAIRS EXAM 2026 LATEST
QUESTIONS AND ANSWERS| ACE YOUR
GRADES.
What is a retainer? - correct answer -a deposit paid by client to
lawyer before lawyer commences work on behalf of the client (like
a deposit)
The provision of legal services to persons in financial need is/are
_______________ - correct answer -legal aid
When you can't afford a lawyer, you may ask for... - correct
answer -legal aid
T or f: the law societies do not assist clients with complaints about
the fees being charged by their lawyers - correct answer -true
For complaints regarding a lawyer's conduct other than fee
disputes, who deals with these issues? - correct answer -
provincial law society
, Page | 2
A system of moral principles governing the appropriate conduct
for an individual or a group is known as... - correct answer -ethics
What is a code of business conduct? - correct answer -a formal
statement adopted by a company that sets out its values and
standard of business practices
What 6 things should be included in a code of conduct? - correct
answer -1. Conflicts of interest
2. Protection and proper use of corporate assets
3. Confidentiality of corp info
4. Fair dealing with issuer's security holders, customers,
suppliers, competitors, and employees
5. Compliance with laws, rules and regulations
6. Reporting of unethical behaviour
What 2 things keep the ethics of lawyers in place? - correct
answer -code of professional conduct and law society
