A Common Measure of Service Performance of Attorneys in a Law

question 56

Multiple Choice

A common measure of service performance of attorneys in a law firm is

• A)utilization.
• B)waiting time.
• C)cost.
• D)error rate.

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Definitions:

IFRS

International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board (IASB) that is gaining global acceptance.

Deferred Taxes

Taxes applicable to income that has been accrued but not yet paid, due to differences between accounting and tax legislation.

Installment Sales

A method of sale where the buyer makes payments towards the total sale price in installments over time, while the seller recognizes revenue as payments are received.