One of the Main Reasons That Most Paralegals Start Out

question 114

Multiple Choice

One of the main reasons that most paralegals start out in small law firms is that

• A) small law firms outnumber large ones.
• B) only small law firms use paralegals.
• C) employment laws require inexperienced paralegals to start with small companies.
• D) None of these choices is correct.

Appreciate the advantages and disadvantages of census vs. sampling in data collection.

Understand the differences between temporary and permanent accounts and their roles in the accounting cycle.

Distinguish between classified and unclassified balance sheets and their importance to stakeholders.

Identify the steps in the accounting cycle and their sequence.

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Definitions:

ERP

Enterprise Resource Planning, a software that manages and integrates a company's financials, supply chain, operations, commerce, reporting, manufacturing, and human resource activities.

SCM

Supply Chain Management is the strategic oversight of the flow of goods, money, and data from the initial supplier to the manufacturer, then through the wholesaling and retailing stages, and ending with the consumer.

CRM

Stands for Customer Relationship Management, a strategy for managing an organization's relationships and interactions with customers and potential customers.

OLTP

stands for Online Transaction Processing, a class of software programs capable of supporting transaction-oriented applications on the internet.