To Protect Themselves Against Possible Claims of Malpractice, Freelance Paralegals

question 52

Multiple Choice

To protect themselves against possible claims of malpractice, freelance paralegals and independent paralegals should obtain __________insurance.

• A) health
• B) disability
• C) property
• D) liability

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Definitions:

Direct Labor-Hours

A measure of the labor time spent by workers who directly contribute to the manufacturing or creation of products.

Traditional Costing

A costing method that allocates overhead costs based on a single predetermined rate.

Overhead Applied

The amount of overhead costs allocated to products or job orders based on the predetermined overhead rate.

Activity-Based Costing

A costing method that assigns overhead and indirect costs to specific products or projects based on their use of activities.