Locate a Copy of Your State's Code of Professional Responsibility

question 43

Essay

Locate a copy of your state's code of professional responsibility on the Internet. Determine whether your state addresses the professional responsibilities of paralegals and what those entail. If your state does not specifically address the professional responsibility of paralegals, determine what code your state follows and how it is applied.

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Definitions:

Mark-Up Percentage

A pricing strategy that sets the selling price of a product by adding a specific percentage to its cost price.

Cost-Plus Pricing

A pricing strategy where the selling price is determined by adding a specific markup to a product's cost, ensuring all costs are covered and a profit is guaranteed.

Absorption Cost

A method of product costing that includes all manufacturing costs - direct materials, direct labor, and both variable and fixed overhead.

Mark-Up Percentage

Mark-up percentage is the ratio between the cost of a good or service and its selling price, expressed as a percentage over the cost, indicating the profit margin.