A Law Firm Is an Example of A

question 52

Multiple Choice

A law firm is an example of a:

• A)Professional service
• B)Service factory
• C)Service shop
• D)Mass service

---

Definitions:

Costs Incurred

Expenses that a company has recognized or recorded, reflecting amounts spent on operations, projects, or activities.

Transfer of Accounts Receivable

The process of selling or assigning the right to collect on outstanding invoices to another party.

Transferee

An individual or entity that receives the transfer of assets, rights, or interests from another party.

Transferor

The entity or person that transfers assets, obligations, or rights to another party.