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When Attending an Initial Client Interview, a Paralegal Should Always

question 46

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When attending an initial client interview, a paralegal should always


Definitions:

Plant Capacity

The maximum level of output that a company can sustain to produce in a given period under normal conditions.

Opportunity Cost

The cost of foregoing the next best alternative when making a decision, representing the benefits one misses out on when choosing one option over another.

Sunk Cost

A cost that has already been incurred and cannot be recovered.

Market Value

The current price at which an asset or service can be bought or sold.

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