Which Statement Is NOT True? ​

question 20

Multiple Choice

Which statement is NOT true? ​

• A)Each client must have a separate file opened. ​
• B)Multiple legal matters for the same client may be kept together in the same file.
• C)Alphabetic systems require the shuffling of files.
• D)Alphabetic systems require the shuffling of files
• E)none of the above

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Definitions:

Monitoring Costs

Expenses related to overseeing and managing investments or ensuring compliance within financial agreements.

Management Remuneration

Compensation and other forms of payment provided to executives and managers of a company for their service and performance.

Entity Performance

The measurement of how efficiently and effectively a company utilizes its resources to generate profits and value for shareholders.

Residual Loss

Losses that remain after all efforts have been made to recover or mitigate the loss, often related to asset disposal or impairment.