In a Law Firm, Which of the Following Would Be

question 216

Short Answer

In a law firm, which of the following would be line positions?
Market researchers
Lawyers
Accountants
Human resource people
None of these; they would all be staff positions.

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Definitions:

Straight-Line Demand

Straight-Line Demand refers to a demand curve that shows a constant rate of change in the quantity demanded as price changes.

Percentage of Income

A measure indicating what portion or ratio of one's income is allocated to a specific expenditure or category.

Unit Elastic

Describes a situation in which the percentage change in quantity demanded is equal to the percentage change in price, leading to no change in total revenue.

Income Elasticity

A measure of how much the demand for a good will change in response to a change in consumer's income.