As a Paralegal You Will Probably Not Have to Draft

question 6

Multiple Choice

As a paralegal you will probably not have to draft which of the following?

• A)Letters
• B)Internal legal memoranda
• C)Pleadings
• D)None of these choices are correct

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Definitions:

Return on Assets

A financial ratio indicating how profitable a company is relative to its total assets, used to assess how efficiently a company uses its assets to generate earnings.

Total Equity

The total net value of a company, calculated as total assets minus total liabilities, representing ownership value in the company.

Tax Rate

The specific percentage of revenue taxed by the government from both businesses and private individuals.

Market Value

The current price at which an asset or company can be bought or sold in the market.