An In-House Computerized Litigation Support System

question 1

Multiple Choice

An in-house computerized litigation support system:

• A)frees up the firm's staff to perform legal research
• B)is more expensive than other alternatives
• C)gives the firm more control over the litigation support project
• D)requires the creation of an extensive index-card system
• E)takes little time to set up

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Definitions:

Full Marginal Cost

The total cost that includes both the direct and indirect costs for producing one additional unit of a good or service.

Advertising Expenditures

Money spent on advertising products or services to attract potential customers.

Advertising Elasticity of Demand

The responsiveness of the quantity demanded of a product to a change in the amount spent on advertising for that product.

Marginal Costs

The additional cost incurred when producing one more unit of a product or service.