Growth in the Paralegal Profession Is Occurring Because Law Firms

question 60

Multiple Choice

Growth in the paralegal profession is occurring because law firms are hiring more paralegals to

• A) lower the cost
• B) improve the efficiency
• C) increase the availability
• D) All of these choices are correct.

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Definitions:

Accounts Receivable

Money owed to a business by its clients or customers for goods or services that have been delivered or used but not yet paid for.

Net Sales

The total revenue a company generates from sales after subtracting returns, allowances, and discounts.

Increase in Accounts Receivable

A situation where the amount of money owed by customers to a company grows due to sales on credit outpacing payments received.

Credit Sales

Sales made by a business where the payment is to be received at a later date, extending credit to customers.