The ________ Cost Refers to the Additional Cost Associated with Reducing

question 88

Short Answer

The ________ cost refers to the additional cost associated with reducing an activity time in a project network.

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Definitions:

Legal Fees

The charges or payments made to lawyers for their professional services, which can include hourly rates, flat fees, or contingent fees.

Retainer

An advance payment made by a client to a law firm to cover part of the legal fees and/or costs that will be incurred on that client’s behalf.

Keeping Clients Informed

The responsibility of lawyers to regularly update and communicate with their clients about the status and developments in their legal matters.

Billing Statements

Documents issued by a creditor to a debtor detailing the transactions, payments, and outstanding balance for a specified period.