Look Up Your State's Ethical Rules That Govern Confidentiality, Conflict

question 129

Essay

Look up your state's ethical rules that govern confidentiality, conflict of interest, attorney supervision of lay persons and legal assistants, professional integrity, and others. Record the rule numbers in an ethics section of your systems folder. Look up your state's unauthorized practice of law statute; note the wording and the possible penalties. You might want to add this to your folder. As you read further in this text and in other sources, insert in your folder the citations for key ethical rules and guidelines.

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Definitions:

IRR

Internal Rate of Return; a financial metric used to estimate the profitability of potential investments.

Cost of Capital

The rate of return a firm needs to generate on its investment initiatives to preserve its market value and appeal to investors.

Cash Flows

The combined total of cash inflows and outflows in a company, significantly impacting its liquid assets.

NPV

Net Present Value (NPV) is a financial metric that calculates the difference between the present value of cash inflows and the present value of cash outflows over a period of time, used in capital budgeting to assess the profitability of an investment.